14B-2. On June 2, 20X4, Apples Company received a $40,000 90-day, 11% nole from Fletcher Company dated June 2. On July 16, 20X4, Apples discount ES RECEIVABLE AND NOTES PAYABLE the note at Run Bank at a discount rate of 12%. 1. Calculate the following: a. Maturity value of the note b. Number of days the bank will hold the note until maturity date c. Bank discount d. Proceeds the entry to record the proceeds. 1