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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

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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

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