I need a journal entry for these two. Thank you 1.ABC received a 5%, 6-month, P480,000 note from a customer when the latter purchased goods from ABC. The goods costed P360,000. What is the journal entry to record the receipt of the note? 2.ABC sold its old equipment for a 3-year, P1,500,000, note that pays 9% annually. Similar notes pay 11%. The equipment was recorded at P5,400,000 when it was acquired. On the date of disposal, it had a book value of P1,400,000. What is the journal entry to record the receipt of the note? You may use parenthetical solutions.