Question: Please write neat and show work not sure how questioned b. is determined On August 1, Batson Company issued a 60-day note with a face

Please write neat and show work not sure how questioned b.

Please write neat and show work not sure how questioned b. is determined

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 calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note assuming the note is discounted at 6%

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