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Provide the entry on Nov

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Question - On Nov. 1, 20x1 Sunny Friday Co. discounted a P1,000,000 6-month, 12% note, received from a customer on July 1, 20x1 with a bank at 16%. Requirement: provide the entry on Nov. 1 under each of the following scenarios: a. without recourse basis, b. with recourse basis - conditional scale, c. with recourse basis - secured borrowing.

Reference no: EM132922884

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