As of December 31, 2021, Mr. Koekie Dano holds a 60-day. 10% note of P240,000 signed by Ms. Joy Ursula dated November 1, 2021. Answer the following questions or do what is requested. 1. Prepare the journal entry in the books of Mr. Dano upon released of the money. 2. How rnuch interest would be earned upon maturity of the note? 3. How much is the maturity value of the note? 4. How much interest earned by Mr. Dano as of December 31, 2021? 5. Prepare adjusting entry on the books of Mr. Dano to record adjustments on December 31, 2021?

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