Proceeds of note, cash credit and journal entry on maturity date

Next Respondent: for each of the two notes below, identify the proceeds of the note, and the amount of cash to be credited when the note is paid. Finally, complete the journal entries indicated 15 Days outstanding Cash Credit Type of Note "regular Discounted Face Amount $120,000 45000 Date issued May 15 May 16 Rate 5% 7.5% proceeds of the note $120,000.00 544,156.25 843.75 Regular note: JE for payment on maturity date Discounted note: JE for payment on maturity date Account Debe Debit