On August 1, Batson Company issued a 60 day note with a face amount of $55,200 to Jergens Company for merchandise inventory. (Assume a 360-day yea used for interest calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 12 b. Determine the proceeds of the note assuming the note is discounted at 12 Previous Next > Email mestructor Save and e 9 A OAM June 1, Davis Inc. issued an 4.200,10%, 120-day not payable to Garcia Company Assume that the fiscal year of Garcia ends June 30. Using a 360 day Year your calculations, what is the amount of interest revenue recognized by Garcia in the following year? When required, round your answer to the newest 3.7.420 Cua Hy work Previous Next > rad kommer som and O Re 9 Bads