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Proceeds from Notes Payable On September 1, Bella Salon Company issued a 60-day note with a face amount of exist88, 800 to Osborne Hair Products

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Proceeds from Notes Payable On September 1, Bella Salon Company issued a 60-day note with a face amount of exist88, 800 to Osborne Hair Products Company for merchandise Inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. b. Determine the proceeds of the note, assuming the note is discounted at 7%

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