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Easy Company secured a one-year bank loan of P4,000,000 on October 1, 2022. The loan is discounted at 10%... The company signed a note for

Easy Company secured a one-year bank loan of P4,000,000 on October 1, 2022. The loan is discounted at 10%... The company signed a note for the loan and pledged P5,000,000 of its a accounts receivable as collateral for the same. The accounting period of the company ends on Determine the balance on December 31, 2022 of accounts receivable pledged

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