Mar. 1 Received a 60-day, 10% note for $24,000, dated today, from Toy Co. on account.
Apr. 30 Received amount due on note above.
Apr. 30 Received a 90-day, 10% note for $4,800, dated April 30, from Bear Co. on account.
May 10 Discounted the note dated April 30 at Third National Bank at a discount rate of 10%.
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