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. Note receivable 2500 Account Receivable 2500 b. Note Receivable 200 Account Receivable 200 С. Account Receivable 2500 Note Receivable 2500 d. Account Receivable 200 Note 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: a. Note receivable 2500 Account Receivable 2500 b. Note Receivable 200 Account Receivable 200 С. Account Receivable 2500 Note Receivable 2500 d. Account Receivable 200 Note 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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