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How much cash was paid on february

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Problem 1: A Merchandise was purchased on January 21, 2025 worth P200,000 with Terms: 2/10, 1/15, n/30, EOM. It was paid on February 3, 2025. How much cash was paid on February 14?

Problem 2: The business issued a 90-day promissory note of P20,000, carrying an interest of 12% per year. The promissory note is dated May 1, 2020 and the balance sheet date of the business is June 30, 2020. The accrued expense is

Reference no: EM132737315

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