Question: Proceeds from notes payableOn January 2 6 , Nyree Co . borrowed cash from Conrad Bank by issuing a 3 0 - day note with

Proceeds from notes payableOn January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $66,000. Assume 360 days in a year.a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%.fill in the blank 1 of 2$b. Determine the proceeds of the note, assuming the note is discounted at 6%.fill in the blank 2 of 2$

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