on August 1, Batson Company issued a 60-day note with a face amount of $45,000 to Jergens Company for merchandise Inventory. (Assume a 360-day year is used for Interest calculations.) a. Determine the proceeds of the note assuming the note carries an Interest rate of 10% 45,750 b. Determine the proceeds of the note assuming the note is discounted at 10%. 45,737.29