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Al Rawabi Company lend Emran Company RO 60000 on February 1st, with a maturity of 4 months, 8% interest note. If Emran company came on

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Al Rawabi Company lend Emran Company RO 60000 on February 1st, with a maturity of 4 months, 8% interest note. If Emran company came on the 1st of August and informed Al Rawabi that they cannot pay the note now. What will be Al Rawabi journal entry to record the transaction on August 1st: Select one: a. Cash Note Receivable 60000 60000 b. Cash 1600 Interest Receivable 1600 C. Cash 61600 Note Receivable 60000 1600 Interest Receivable d. Account Receivable Note Receivable 61600 60000 Interest Revenue 1600

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