On August $1,$ Batson Company issued a $60-$day note

with a face amount of $$90,000$ to Jergens Company

for merchandise inventory. $($Assume a $360-$day year

is used for interest computations.$)$

a$.$ Determine the proceeds of the note, assuming

the note carries an interest rate of $8\%.$

$

b$.$ Determine the proceeds of the note, assuming

the note is discounted at $8\%.$

$