Problem: The Company extended a 120-day, 6%, promissory note of P200,000 dated December 01, 2020 to customer. 1. Record the adjusting entry on December 31, 2020: Dr. 1 Cr. 2. Record the reversing entry on January 01, 2021: Dr. 5 Cr. 2 4 8 3. Determine the following: The due date that the loan should be paid by the customer per the promissory note: 9 The total interest income that will be received from the customer: 10 INSTRUCTIONS: 1. Choose from the following accounts for the correct account of adjusting entries: Accrued interest receivable Interest income Interest receivable 2. For the amounts of debit and credit, encode your answer in whole number without decimal places, no comma and peso sign (eg. if your answer is 4,000, encode it as 4000) 3. For dates, if your answer is June 20, 2020, encode your answer as June 20