Question: Hello im in rush right now can someone please help me. I need clear solution that is easy to copy thank you!! Please provide correct

Hello im in rush right now can someone please help me. I need clear solution that is easy to copy thank you!!

Please provide correct answer thanks you! I need this Asap

Hello im in rush right now can someone please
For item nos. 21-24: On April 1, 2021, Hennan Company discounted with recourse a 9-month, 10% note dated January 1, 2021 with face of P6,000,000. The bank discount rate is 12%. The discounting transaction is accounted for as a conditional sale with recognition of contingent liability. On October 1, 2021, the maker dishonored the note receivable. The entity paid the bank the maturity value of the note plus protest fee of P50,000. On December 31, 2021, the entity collected the dishonored note in full plus 12% annual interest on the total amount due. 21) What amount was received from the note discounting on April 1, 2021? a. 6,063,000 b. 6,450,000 c. 6,150,000 d. 5,963,000 e . none of the above 22) What amount should be recognized as loss on note discounting? a. 450,000 b. 387,000 c. 87,000 d. 63,000 e . none of the above 23) What total amount was collected from the customer on December 31, 20217 a . 6,450,000 b. 6,500,000 C. 6,695,000 d. 6,662,500 e . none of the above 24) If the discounting is a secured borrowing, what is included in the journal entry to record the transaction? a. Debit loss on discounting P87,000 b . Debit interest expense P87,000 C . Credit liability for note discounted P6,063,000 p. Credit interest income P63,000 e . none of the above

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