Robinson s an electrical supply company sold 3 200 of

Last updated: 4/3/2024

Robinson s an electrical supply company sold 3 200 of equipment to Jim Coates Wiring Incorporated Coates signed a promissory note May 12 with 3 2 interest The due date was August 10 Short of funds Robinson s contacted Capital One Bank on July 20 the bank agreed to take over the note at a 4 9 discount Use Days in a year table What proceeds will Robinson s receive Note Use 360 days a year Do not round intermediate calculations Round your final answer to the nearest cent Proceeds received