Question: E 11-1 p 507 PE 11-1A Proceeds from notes payable ville Co. borrowed cash from Texas Bank by issuing a 30-day note OBJ.1 with a

E 11-1 p 507 PE 11-1A Proceeds from notes payable ville Co. borrowed cash from Texas Bank by issuing a 30-day note OBJ.1 with a face amount of $70,000. eeds of the note, assuming the note carries an interest rate of 6%. scounted at 6%. b. Determine the proceeds of the note, assuming the note isdi

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