1. Noninterest bearing note- lump sum On January 1, 20x1, F&F Co. received a 3-year, noninterest bearing note of P 133,100 in exchange for land with carrying amount of P 100,000. The note is due on December 31, 20x3. The effective interest rate is 10%. Requirements: a. Prepare the amortization table b. Provide all the necessary journal entries 2. 1. ABC Bank extended a 12% P 5,000,000 loan to XYZ, Inc. ABC Co. incurred direct loan origination costs of P 100,000. ABC charged XYZ, Inc. 6% service charge. Requirements: Compute for the carrying amount of the loan at initial recognition