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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![3:09
ull 4G O
Not Secure – moodle.asu.edu.om
50
11
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:
а.
Note receivable
2500
Account
Receivable
2500
b.
Note Receivable
200
Асcount
Receivable
200
С.
Account Receivable
2500
Note Receivable
2500
d.
Account Receivable
200
Note Receivable
200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa86e91d1-f8f0-4b0b-aebf-54123274fd4a%2F9f909fa4-57af-4d5c-b758-c230e3d7a00a%2Ff2r2q9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3:09
ull 4G O
Not Secure – moodle.asu.edu.om
50
11
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:
а.
Note receivable
2500
Account
Receivable
2500
b.
Note Receivable
200
Асcount
Receivable
200
С.
Account Receivable
2500
Note Receivable
2500
d.
Account Receivable
200
Note Receivable
200
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