Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2021, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note.

P 711 Discounting a note receivable 'LOT-T e U Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2021, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. Note Note Face Value Date of Note Interest Rate Date Discounted Discount Rate 1 $50,000 3,1313'2021 3% 613012021 10% 2 50,000 3;\"313'2021 8 933012021 10 3 50,000 3,131,002] 8 9330112021 12 4 80,000 6f30f2021 6 1033112021 10 5 80,000 6f30f2021 6 10,?313'2021 12 6 80,000 6130112021 6 11,130,12021 10 P 712 Accounts and notes receivable; discounting a note receivable; receivables turnover ratio