please answer QUESTION:4 (100% correctly)

sample question and answer provided below please follow exactly same answer format

Answer must be handwritten .

4..Discounting of receviables.; Example 40k NR, Interest 13% for 99 months, Discounted at 2%, What are the proceeds after discounting the Note Receviable. Do the Journal entries Answer QUESTION:4 (100% correctly) handwritten answer please handwritten answer please 4.Discounting of receviables.; Example 700k NR, Interest 15% for 6 months, Discounted at 5%, What are the proceeds after discounting the Note Receviable. Do the Journal entries sample question sample answer format Here, Interest 15% for 6 months, NR 7ook, discount and 5% DR. NR yook 700k. sales = 7xSLOOL Svor Bec-acoes DR. Coch: 5 (1225) GAVEK DR. Discount 5(1295) 612'5k 1225k NRS CR 700k Interest revenue, 525k = 400*15* 12 Interest Revenue CR 1205k 525