Al Ahlya Company wrote aRO2,500, three-months, 8%promissory note dated August 1, toremove credit sales to JelfarCompany. What journal entrywould Jelfar Company makes whenreceiving the note from Al Ahlya.Select one:a.Account Receivable2500NoteReceivable2500b.Note receivable2500AccountReceivable2500Oc.Account Receivable200NoteReceivable200O d.Note Receivable200AccountReceivable200

When a business makes credit sales to its customers, then amount due from customer is known as…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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