Need help i only have one hour Descriptors are provided below for six situations...
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Accounting
Need help i only have one hour
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, 2018, 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.) Interest Rate Discount Rate Date Proceeds Received Note 1 2 3 4 Date of Note Value 56,0003/31/2018 56,0003/31/2018 56,0003/31/2018 20,000 6/30/2018 20,0006/30/2018 20,0006/30/2018 Discounted 8%, 6/30/2018 8%, 9/30/2018 8%, 9/30/2018 5%, 10/31/2018 5%, 10/31/2018 5%, 11/30/2018 10% 10% 15% 10% 15% 10% 6
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Need help i only have one hour