On Jan. 1, 20x1, Sistah Co. sold a piece of land with carrying amount of P800,000...

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On Jan. 1, 20x1, Sistah Co. sold a piece of land with carrying amount of P800,000 in exchange for P100,000 cash and P900,000, noninterest bearing note, due in three equal annual installments of P300,000 beginning Jan. 1, 20x1, and every Jan 1 thereafter. The effective interest rate is 9%. Requirements: a. Prepare the amortization table. b. How much is the interest income recognized in 20x1? c. Provide the journal entries in 20x1. 6. Help the inexperienced accountant of Ala-alipaw Ca reconstruct the information required in the numbered blanks: Face amount (1) Unearned interest at initial recognition (2) On Jan. 1, 20x1, Sistah Co. sold a piece of land with carrying amount of P800,000 in exchange for P100,000 cash and P900,000, noninterest bearing note, due in three equal annual installments of P300,000 beginning Jan. 1, 20x1, and every Jan 1 thereafter. The effective interest rate is 9%. Requirements: a. Prepare the amortization table. b. How much is the interest income recognized in 20x1? c. Provide the journal entries in 20x1. 6. Help the inexperienced accountant of Ala-alipaw Ca reconstruct the information required in the numbered blanks: Face amount (1) Unearned interest at initial recognition (2)