Question: What is the maturity date for each note? The notes receivable held by the Tuttle Company on August 3, 2019, are summarized below. On August

What is the maturity date for each note?

What is the maturity date for each note? The notes receivable held

The notes receivable held by the Tuttle Company on August 3, 2019, are summarized below. On August 4, 2019, Tuttle discounted all of these notes at Community Bank and Trust at a discount rate of 10 percent. Note No. Date Face Amount Period Interest Rate 31 Apr . 4, 2019 $60, 000 6 months 8% 32 June 11, 2019 30, 000 120 days 33 July 31, 2019 20, 000 60 days 10 Required: es Compute the net proceeds received from discounting each note. Analyze: What is the net interest income or expense to be reported from these transactions assuming all notes are paid when due? Complete this question by entering your answers in the tabs below. Net Proceeds Analyze Compute the net proceeds received from discounting each note. (Use 360 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) Net Proceeds Note 31 Note 32 LO O Fi

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