can you answer all these questions . this is only a practice set given to us but i won't able to under stand can you show your solution? On December 1, 2019, Marcy Lou raised emergency funds by issuing an 18% note for P500,000. The note has a term of 4 months, and the agreement states that Marcy will pay the principal in full on the maturity date. The interest, however, will be paid at the end of every month. Answer the following questions. Round off answers to the nearest peso. 1. How much is the interest expense of Marcy on this note for the year ended 12.31.19? 2. How much interest was paid by Marcy on this note for the year ended 12.31.19? 3. How much interest payable is recognized on this note on 12.31.19? 4. How much is Marcy's total liabilities pertaining to this transaction on 12.31.19? 5. What is the adjusting entry on 12.31.19? debit a. interest receivable b. interest payable c. cash d. No entry e. interest expense f. interest income how much is the debit amount? credit a. interest receivable b. interest payable c. cash d. No entry e. interest expense f. interest income how much is the credit amount? 5. How much is the interest expense to be recognized on this note for the year 2020? 6. How much interest expense was paid by Marcy for this note for the year 2020? 7. How much total cash was paid by Marcy on the maturity date? 8. What is the entry on the date of maturity to recognize the payment of the principal and the interest? Prepare a compound entry. For multiple debits or multiple credits, arrange the account titles from largest to smallest amount.

what are the three account titles that has been affected? and their corresponding amounts ? Interest Income interest Payable notes receivable interest expense interest receivable cash Hint: Taken note that the interest was paid every end of the month.