7. To illustrate a discounting notes receivable, assume that a 120-day, 10% notes receivable for Br.200, 000, dated October 8, 2024, is discounted at the bank on December 31, 2001 at the discounting rate of 14%. Assume a 360-days year. Required:-1. Determine the due date, discounting period, Interest, the discount, maturity value, and proceeds. 2. Prepare entries to record discounting of the note. 8. Assume Br. 2,000 of the accounts receivable of customer XYZ of ABC Company has been determined to be non-collectable during 2023. The adjusting entry to write-off the allowance? 9. If an accounts receivable that has been written-off against the allowance account is later collected, the account should be re-instated by an entry that is exact reverse of the write-offs entry:-Assume that ABC Company's customer-x has paid the Br.2000. Record the entry 10. Assume ABC Company purchased 12 ID-6 electric vehicles with $120,000 on account from a vendor on May 10, 2024. The Company paid $120,000 to the vendor company on May 31, 2024. Required? The journal entries for the purchase and payment of the vehicles