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Descriptors are provided below for six situations involving notes receivable being discounted at a bank....

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Accounting

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Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2021, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Note Proceeds Received 1 2 Note Face Value Date of Note $ 52.000 3/31/2021 52,000 3/31/2021 52,000 3/31/2021 120,000 6/30/2021 120,000 6/30/2021 120,000 6/30/2021 3 4 5 Interest Date Rate Discounted 8% 6/30/2021 8% 9/30/2021 B% 9/30/2021 6% 10/31/2021 6% 10/31/2021 6% 11/30/2021 Discount Rate 10% 10% 15% 10% 15% 10% 6

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