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Brief Exercise G-18 Bentley Company issues a 10%, 6-year mortgage note on January 1, 2015, to obtain financing for new equipment. Land is used as
Brief Exercise G-18 Bentley Company issues a 10%, 6-year mortgage note on January 1, 2015, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $45,550 Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What were the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.g. 25.25. Bentley Company should receives
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