Question: please, assist Proceeds from notes payable Proceeds from notes payable On January 26, Nyree Co, borrowed cash from Conrad Bank by issuing a 30 -day

please, assist

Proceeds from notes payable

Proceeds from notes payable On January 26, Nyree Co, borrowed cash from Conrad Bank by issuing a 30 -day note with a face amount of $69,600. Assume 360 days in a year: a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. x b. Determine the proceeds of the note, assuming the note is discounted at 6%. x Pestinck v Check My Wask. The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is watking away with in cash of murchanidise

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