D. On Jan 1, 2023, BRITAIN Company who is currently experiencing collection issues with its receivables, pledged its accounts receivable amounting to P,000,000 to a bank. In return, the company issued a 2-year 7%P4,000,000 promissory note. Interest is payable every Dec 31 . equired: Journal entries for the year 2023. D. On Jan 1, 2023, BRITAIN Company who is currently experiencing collection issues with its receivables, pledged its accounts receivable amounting to P,000,000 to a bank. In return, the company issued a 2-year 7%P4,000,000 promissory note. Interest is payable every Dec 31 . equired: Journal entries for the year 2023