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On Sept. 10, Sheffield Company discounted at Sunshine Bank a $9,300 (maturity value), 121-day note dated June 5. Sunshine's discount rate was 10%. (Use Days

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On Sept. 10, Sheffield Company discounted at Sunshine Bank a $9,300 (maturity value), 121-day note dated June 5. Sunshine's discount rate was 10%. (Use Days in a year table.) What proceeds did Sheffield Company receive? (Use 360 days a year. Do not round intermediate calculations.) Proceeds received TABLE 7-1 Exact days-n-a-year calendar (excluding leap year) Day of month 31 Jan. 28 Feb. 31 Mar. 30 Apr. 31 May 31 30 June July 31 Aug 30 Sept. 31 Oct. 30 Nov. 31 Dec. 1 1 32 60 91 121 152 182 274 335 2 2 213 214 61 92 122 183 275 244 245 246 3 33 34 35 3 62 93 153 154 155 305 306 307 308 123 124 184 276 336 337 339 4 215 216 4 63 94 185 247 277 5 5 36 64 95 125 217 248 278 389 6 6 37 65 96 156 157 158 186 187 188 218 249 126 127 279 309 310 311 340 7 7 38 66 97 219 250 280 8 8 341 342 98 220 251 281 39 40 67 68 128 129 159 160 189 190 9 9 99 221 252 10 10 41 69 100 161 191 130 131 253 254 312 313 314 315 316 343 324 345 346 11 70 101 162 42 43 282 283 284 285 286 287 192 193 12 71 102 132 163 255 13 13 44 72 103 133 164 222 223 224 225 226 227 228 194 256 347 317 318 45 73 104 134 165 195 257 15 46 135 258 288 319 329 15 16 74 75 105 106 166 167 196 197 16 47 259 289 136 137 17 17 48 76 107 168 198 229 260 290 320 321 322 350 351 352 353 18 18 49 77 108 199 138 139 169 170 230 231 261 262 291 292 19 50 78 109 323 20 51 79 110 140 171 232 263 293 324 354 19 20 21 22 23 200 201 202 203 21 52 80 141 172 264 294 111 112 233 234 325 326 22 53 81 142 173 265 295 54 82 113 143 774 204 23 24 24 355 356 357 358 359 83 55 114 144 175 235 236 237 266 267 268 269 327 328 329 25 25 56 84 205 206 207 115 145 176 296 297 298 299 300 301 26 57 116 146 172 26 27 147 178 208 270 360 36 352 58 59 85 86 87 88 89 28 148 179 209 117 118 119 120 330 331 332 359 334 238 239 220 241 242 223 29 180 29 30 271 272 273 210 211 149 150 151 369 35 302 303 304 30 181 SS 3 90 212 traducendo

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