Quiz on Discounting of Promissory Note On September 1, 2020, BSA Company received an 8%, 180-day P500,000 promissory note in exchange for an account. (Show your solution.) On October 31, 2020, the note was discounted at 10% without recourse. A. Compute for the following: (one point for each correct answer) (1) Interest on the 180-day note (2) Maturity Value (3) Discount (4) Proceeds (5) Carrying amount of the note (6) Gain or Loss on discounting of the note B. Prepare the entries on September 1, 2020 and on October 31, 2020. (Two points per correct entry)