Question: ple Exercises Proceeds from notes payable PE 11-1A On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a

ple Exercises Proceeds from notes payable PE 11-1A On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $100,000. 11-1 p541 OBJ. te, assuming that the not b. Determine the proceeds of the note, assuming that the note is discounted at 6%

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