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Ajmal LLC purchased goods worth OMR 8,500 from Safer & Co. on January 12, 2021. Ajmal LLC could not repay it within the credit period

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Ajmal LLC purchased goods worth OMR 8,500 from Safer & Co. on January 12, 2021. Ajmal LLC could not repay it within the credit period of 30 days. Therefore, on February 12, 2021 Safer & Co. accepted OMR 3500 cash and a 60-day, 8% notes payable for the remaining amount. Assume the accounting year ends on 31 March 2021. The journal entry to record the interest due on 31 March, 2021 in the Books of Ajmal LLC INCLUDES; (Consider 365 days in year) a. Interest Payable Cr. 400 b. Interest Payable Cr. 65.750 c. Interest Payable Cr. 51.500 d. Interest Payable Dr. 52.600

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