Ngtes Receivable Calculations P7. Fision Importing Company engaged in the following transactions involving promis: sory notes: July 2 Sold engines to Morgan Company for $180,000 in exchange for a 90 -day, 12 percent promissory note. 15 Sold engines to Level Company for $96,000 in exchange for a 60 -day, 13 percent note. 30 Sold engines to Level Company for $90,000 in exchange for a 90 -day, 11 percent note. (Cunsinard)