Question: 9-12. How do I solve for these and what are the correct answers? Thank you! PROBLEM 4 Franco, Inc. received from a customer a one-year,

9-12. How do I solve for these and what are the

9-12. How do I solve for these and what are the correct answers? Thank you!

correct answers? Thank you! PROBLEM 4 Franco, Inc. received from a customer

PROBLEM 4 Franco, Inc. received from a customer a one-year, P1,000,000 note bearing annual interest of 8%. After holding the note for six months, Franco discounted the note at Lviia Bank at an effective interest rate of 10%. 9. What amount of cash did Franco received from the bank? 10. How much is the loss on discounting? PROBLEM 5 On December 1, 2020, Hanabi Company received a P100,000, 60-day, 6% note from a customer. On December 31, 2020, the companyr discounted the note at the bank. The bank's discount rate was 9%. 11. How much were the proceeds? 12. How much was the loss on discounting

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