The proceeds received from a $ 5,200, 8 1 2 %, 90-day note accepted by Marjorie’s Clothing Store dated November 1 from Mary Rose until January 13. Marjorie discounted the note at Seawater Bank at 10%.

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Chapter 11.2, Problem 8AH

To determine

The proceeds received from a $ 5,200, 812%, 90-day note accepted by Marjorie’s Clothing Store dated November 1 from Mary Rose until January 13. Marjorie discounted the note at Seawater Bank at 10%.

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