Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank...
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Proceeds from Notes Payable On January Elegant Co borrowed cash from Conrad Bank by issuing a day note with a face amount of $ Assume a day year. a Determine the proceeds of the note, assuming the note carries an interest rate of $ b Determine the proceeds of the note, assuming the note is discounted at $ Feedback Check My Work The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is walking away with in cash or merchandise. 
Proceeds from Notes Payable
On January Elegant Co borrowed cash from Conrad Bank by issuing a day note with a face amount of $ Assume a day year.
a Determine the proceeds of the note, assuming the note carries an interest rate of $
b Determine the proceeds of the note, assuming the note is discounted at $
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Check My Work
The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is walking away with in cash or merchandise.
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