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On Sept. 12, Sheffield Company discounted at Sunshine Bank a $7,520 (maturity value), 142-day note dated June 12. Sunshines discount rate was 9%. (Use Days

On Sept. 12, Sheffield Company discounted at Sunshine Bank a $7,520 (maturity value), 142-day note dated June 12. Sunshines discount rate was 9%. (Use Days in a year table.) What proceeds did Sheffield Company receive

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