On June 30, 2007, Simon Company discounted a customer’s $180,000, 6-month, and 10 percent note rece


On June 30, 2007, Simon Company discounted a customer’s $180,000, 6-month, and 10 percent voice receivable dated April 30, 2007. A discount scold of 12 percent was teeming by the bank. Simon’s allowance from this discounted voice would be: Please divulge me how do i consider this amount.