On December 1, 2020, A Co. signed a 15-month, P69,325 mortgage note payable to X Bank in conjunction with the purchase of Equipment. The mortgage calls for a 1.0% interest per month. The note is fully amortized over 15 months. The monthly payments amount to P5,000. D Question 1 8 pts What is the Journal entry on the date of issuance: Use the following accounts: Notes Payable Discount on Notes Payable Cash Premium on Notes Payable Equipment Interest Payable Interest Expense December 1, 2020, Journal Entry Accounts Debited Accounts Credited Dr Cr D Question 2 8 pts What is the Journal entry on December 31: Use the following accounts: Notes Payable Discount on Notes Payable Cash Premium on Notes Payable Equipment Interest Payable Interest Expense December 31, 2020, Journal Entry Accounts Debited Accounts Credited Dr Cr Question 3 2p Compute for the Current portion of the Notes Payable as of December 31, 2020. D Question 4 2 p Compute for the Non-Current portion of the Notes Payable as of December 31, 2020. Question 5 2 pt Compute for the Total Cost of Borrowing