Al Ahlya Company wrote a RO2,500, three-months, 8% promissory note dated August 1, to remove credit sales to Jelfar Company. What journal entry would Jelfar Company makes when receiving the note from Al Ahlya. Select one: O a. Account Receivable 2500 Note Receivable O b. Note receivable 2500 2500 Account Receivable 2500 Oc. Account Receivable 200 Note Receivable 200 Od. Note Receivable 200 Account Receivable 200
Al Ahlya Company wrote a RO2,500, three-months, 8% promissory note dated August 1, to remove credit sales to Jelfar Company. What journal entry would Jelfar Company makes when receiving the note from Al Ahlya. Select one: O a. Account Receivable 2500 Note Receivable O b. Note receivable 2500 2500 Account Receivable 2500 Oc. Account Receivable 200 Note Receivable 200 Od. Note Receivable 200 Account Receivable 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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![Al Ahlya Company wrote a
RO2,500, three-months, 8%
promissory note dated August 1, to
remove credit sales to Jelfar
Company. What journal entry
would Jelfar Company makes when
receiving the note from Al Ahlya.
Select one:
a.
Account Receivable
2500
Note
Receivable
2500
b.
Note receivable
2500
Account
Receivable
2500
Oc.
Account Receivable
200
Note
Receivable
200
O d.
Note Receivable
200
Account
Receivable
200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74ab46fa-ac5c-41dd-b58d-224f806ad070%2F333382ae-4d92-4b30-9abb-571fcf9ec91f%2F55sncxu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Al Ahlya Company wrote a
RO2,500, three-months, 8%
promissory note dated August 1, to
remove credit sales to Jelfar
Company. What journal entry
would Jelfar Company makes when
receiving the note from Al Ahlya.
Select one:
a.
Account Receivable
2500
Note
Receivable
2500
b.
Note receivable
2500
Account
Receivable
2500
Oc.
Account Receivable
200
Note
Receivable
200
O d.
Note Receivable
200
Account
Receivable
200
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