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ign Calculator On August 1, Batson Company issued a 60-day note with a face amount of $61,200 to Jergens Company for merchandise inventory. (Assume a

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ign Calculator On August 1, Batson Company issued a 60-day note with a face amount of $61,200 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest a. Determine the proceeds of the note assuming the note ames an interest rate of 8% b. Determine the proceeds of the note assuming the note is discounted at 8%

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