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On Sept. 15, Sheffield Company discounted at Sunshine Bank a $7,520 (maturity value), 140-day note dated June 12. Sunshine's discount rate was 10%. (Use Days

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On Sept. 15, Sheffield Company discounted at Sunshine Bank a $7,520 (maturity value), 140-day note dated June 12. 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 31 Day of month 31 Jan 28 Feb. 31 Mar. 30 Apr. 31 May 30 June 31 July Aug. 30 Sept. 31 Oct. 30 Nov. 31 Dec 1 60 91 121 152 182 213 244 214 32 33 335 336 2 61 92 122 153 183 214 245 275 305 306 307 308 3 3 34 62 123 154 184 246 276 93 94 215 216 337 338 4 4 35 63 124 155 185 247 277 5 64 125 186 248 309 95 96 6 6 339 320 65 36 37 38 30 156 157 158 187 126 127 237 218 219 238 279 280 249 250 310 311 7 7 66 97 188 361 8 67 98 159 189 281 128 129 220 221 251 25 312 313 342 343 9 40 68 99 160 100 282 283 50 10 41 69 100 130 161 191 314 344 22 223 70 101 131 284 253 254 255 162 163 315 792 193 345 345 43 71 102 132 224 376 Day of month 31 Jan. 31 Mar. 30 June 30 Sept. NNNN 8 11 -am to PANAS 112 8

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