pls answer correctly y

3 1. If a 12%, 3-month note receivable is acquired from a customer in settlement of an existing account receivable of P10,000, the entry on initial recognition of the note receivable includes a Select one: a. debit to note receivable for P10,000 and no entry for interest b. debit to note receivable for P10,300 c. debit to note receivable for 11,200 d. credit to interest income for P300. 2. When the percentage of credit sales method is used in determining doubtful accounts, the amount computed represents the Select one: a. required balance after adjustments for write-offs, recoveries and changes in the balance of the allowance for doubtful accounts b. bad debt expense c. required balance d. bad debt expense after adjustments for write-offs, recoveries and changes in the balance of the allowance for doubtful accounts. 3 Accounts receivable usually appear in the balance sheet Select one: a. as either current assets or noncurrent assets, depending on whether the allowance method or the direct write-off method is used to account fro uncollectible accounts b. as current assets, immediately after cash and cash equivalents c. as current assets, combined with cash and cash equivalents d. only if the balance sheet method of estimating uncollectible accounts is used