Question
Descriptors are provided below for six situations involving notes receivable being discounte date of the note is December 31, 2024, and the principal and
Descriptors are provided below for six situations involving notes receivable being discounte date of the note is December 31, 2024, and the principal and interest are due at maturity. Fo received from the bank on discounting the note. Note: Do not round intermediate calculations. Round your final answers to the nearest w Note Note Face Value Interest Date of Note Rate Date Discounted Discount Proceeds Rate Received 1 $ 56,000 3/31/2024 8% 6/30/2024 10% 2 56,000 3/31/2024 8% 9/30/2024 10% 3 56,000 3/31/2024 8% 9/30/2024 15% 4 120,000 6/30/2024 5% 10/31/2024 10% 5 120,000 6/30/2024 5% 10/31/2024 15% 6 120,000 6/30/2024 5% 11/30/2024 10%
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