On May $1,202$X$,$ Jason Company received a $$27,000,80-$day, $5\%$ note from Prince Company dated May $1.$ On June $20,202$X$.$ Jason discounted the note at Acorn Bank at a discount rate of $8\%.$ View the Days in a Year table.

Read the tasks.

$1$a$.$ Calculate the maturity value.

Maturity value $=$

$1$b$.$ Calculate the number of days the bank will hold the note until maturity date.

Number of days the bank will hold the note until maturity date $=$

$1$c$.$ Calculate the bank discount.

Bank discount $=$

$1$d$.$ Calculate the proceeds.

Proceeds $=$

$2.$ Journalize the entry to record the proceeds. $($Record debits first, then credits. Exclude explanations from journal entries.$)$