On September 1, 2019, Bats & Jacks received a $112,305, 10%, 5-month note from a credit customer wishing to extend its repayment period. On October 1, 2019, thirty days after the note was received, Bats & Jacks discounted the note at their bank. The bank's discount rate is 11%. Required: What is the maturity value of the note? What is the dollar-amount of the discount charged by the bank? What are the proceeds Bats & Jacks will receive from the note? How much interest revenue will Bats & Jacks recognize on the note? Write the journal entry to report the discounting transaction: Account Debit Credit