Question: Proceeds from Notes PayableOn May 15, Franklin Co. borrowed cash from Dakota Bank byissuing a 90-day note with a face amount of $66,000. Assume a360-day

Proceeds from Notes PayableOn May 15, Franklin Co. borrowed cash from Dakota Bank byissuing a 90-day note with a face amount of $66,000. Assume a360-day year.Required:a. Determine the proceeds of 2 answers

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