Consider the following independent scenarios: On 9/1, company accepts a P10,000, 5%, 8-month note receivable On 3/1, a company accepts a P20,000, 8%, 6- month note receivable On 6/15, a company...

Extracted text: Consider the following independent scenarios: On 9/1, company accepts a P10,000, 5%, 8-month note receivable On 3/1, a company accepts a P20,000, 8%, 6- month note receivable On 6/15, a company accepts a P15,000, 10%, 4 -month note receivable On 8/15, a company accepts a P12,000, 6%, 4 -month note receivable Required: Assuming a December 31 year-end, calculate current-year interest revenue for each scenario. Show your solution