On April 1 of this year, the company received a P30,000, 8% one-year note receivable. On December 31, year-end, an adjusting entry was made to accrue interest receivable for nine months. Assuming the company prepares reversing entries, the journal entry to record the collection of said note on April 1 of next year, maturity date, would involve a credit to Interest Income for how much? PO P600 P1,800 P2,400 On August 5, the company issued a P36,000 45-day 6% note for money borrowed. In the company's books on maturity date, the journal entry will involve a Debit to Notes Payable for $36,270 Credit to Notes Payable for P36,270 Credit to Notes Payable for P36,000 Debit to Notes Payable for P36,000 The company uses a periodic inventory system. On September 10, the company purchased merchandise totaling P200,000 on terms 2/10, n/30. On September 13, the company returned defective merchandise purchased amounting to $10,500. The account was paid in full on September 30. How much was the amount paid by the company on September 30? P185,500 P185,710 $196,000 P189,500