P8A-1 A company received the following notes during 20X3. Notes (1), (2), and (3) were discounted on the dates and at the rates indicated. Principal Interest Note Date Amount Rate Term Date Discounted Discount Rate (1) July 12 $10,000 10% 3 months Aug. 12 15% (2) Aug. 4 6.000 11% 90 days Aug. 30 13% (3) Oct. 21 8,000 15% 60 days Nov. 31 18% Required Identify each note by number, compute interest using a 360-day year for those notes with terms specified in days, round all interest amounts to the nearest dollar, and present entries in general journal form. Explanations are not required. 1. Determine the due date and maturity value of each note. 2. Determine the discount and proceeds from the sale (discounting) of each note. 3. Journalize the discounting of notes (1) and (21.