Q4. National Bank of Pakistan agrees to lend Rs. 100,000,000 on September 1, 2020, if PepsiCo. signs a Rs. 100,000, XXXXXXXXXX%, four-month note maturing on January 1. Instructions a)Prepare the...

Q4. National Bank of Pakistan agrees to lend Rs. 100,000,000 on September 1, 2020, if PepsiCo. signs a Rs. 100,000, 000 12.5%, four-month note maturing on January 1. Instructions a)Prepare the entry on September 1st. b)Prepare the adjusting entry on Dec. 31st, assuming monthly adjusting entries have not been made. c)Prepare the entry at maturity (Jan. 1, 2015).