Can I ask for the solutions for these following problems? This is from my subject in Intermediate Accounting.

1.) Jax Company provided the following transactions:

July 1: The entity assigned P500,000 of accounts receivable to its bank on a nonnotification basis in consideration for a loan. On this date, the bank advanced P400,000 less a service charge of 2% of the total accounts assigned, and the entity signed a promissory note bearing interest of 1% per month on the unpaid loan balance at the beginning of the month.

Aug. 1: Collected P330,000 on assigned accounts. The entity remitted this amount to the bank in payment first for the interest and the balance to the principal.

Sept. 1: Collected the remaining balance of assigned accounts. The entity paid off the remaining loan balance.

Requirements:

a.) Compute the AR- Assigned on Aug. 1

b.) Compute the NP on Aug. 1

c.) Compute the Equity Balance on Aug. 1

d.) Compute the Cash received on the date of assignment

2.) Lyna Company financed some of its current operations by assigning accounts receivable to a bank in consideration for a loan. On July 1, the entity assigned accounts of P800,000 under a notification basis. The bank advanced 80% less a 3% service charge of the total accounts assigned. The entity signed a promissory note bearing interest of 1% per month on the unpaid loan balance. On Aug. 1, the entity received a statement that the bank had collected P420,000 of the assigned accounts. On Sept. 1, the entity received a second statement from the bank, together with a check for the amount due. The statement indicated that the bank had collected P320,000 of the assigned accounts.

Requirements:

a.) Compute the AR - Assigned on Sept. 1

b.) Compute the NP on Aug. 1

c.) Compute the Equity Balance on Aug. 1

d.) Compute the cash received on the date of assignment

3.) Lila Company sold accounts receivable without recourse with face amount of P6,000,000. The factor charged 15% commission on all accounts receivable factored and withheld 10% of the accounts factored as protection against customer returns and other adjustments.

The entity had previously established an allowance for doubtful accounts of P200,000 for these accounts.

By year-end, the entity had collected the factor's holdback there being no customer returns and other adjustments.

Requirements:

a.) Compute the Loss on Factoring

b.) Compute the Cash received from Factoring