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On December 1, 2021, Barnes Company received a P10,000, 60-day, 6% note from a customer. On December 31, 2020, the company discounted the note at

On December 1, 2021, Barnes Company received a P10,000, 60-day, 6% note from a customer. On December 31, 2020, the company discounted the note at the bank. The banks discount rate is 9%.

What were the proceeds that Barnes received from the discounting of the note?

Group of answer choices

P10,024.25

P10,050.00

P9,700.00

P9,924.25

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