Give the adjusting entry of #4 (in the picture). Is it 3,000 or 4,500? (Btw, Entity A is preparing its financial statements for December 31, 20x1.) 2. Entity A received a 10%, P180,000, one-year, note...

Give the adjusting entry of #4 (in the picture). Is it 3,000 or 4,500? (Btw, Entity A is preparing its financial statements for December 31, 20x1.)

Extracted text: 2. Entity A received a 10%, P180,000, one-year, note receivable from a customer on October 31, 20x1. Both the principal and interest on the note are due on November 1, 20x2.