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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

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.)

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Note Date of Note Date Discounted 6/30/2018 Discount Rate 10% Proceeds Received 10% Note Face Value 60,000 60,000 60,000 180,000 180,000 180,000 Interest Rate 8% 8% 8% 6% 6% 6% 3/31/2018 3/31/2018 3/31/2018 6/30/2018 6/30/2018 6/30/2018 12% 9/30/2018 9/30/2018 10/31/2018 10/31/2018 11/30/2018 10% 12% 10%

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