Question: on August 1, Batson Company issued a 60-day note with a face amount of 345,600 to Jergens Company for merchandise inventory. (Assume a 360-day year

on August 1, Batson Company issued a 60-day note with a face amount of 345,600 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 129. 1. Determine the proceeds of the note assuming the note la discounted at 12%

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