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Assume that Al Safa Company sold OMR15000 goods to its customer on 22nd April 2018. The customer gave a written note by mentioning the same
Assume that Al Safa Company sold OMR15000 goods to its customer on 22nd April 2018. The customer gave a written note by mentioning the same amount with the maturity date of 11th June 2019 and 10% interest per annum. The company received the entire amount from the customer on the date of maturity. Find out the journal entry for receiving the cash from the customer on the date of maturity. Note: Assume 365 days a year. Select one: A. Dr Cash OMR15329and Cr notes receivablesOMR15000 Cr interest OMR 329 B. Dr Cash OMR15000and Cr Notes receivablesOMR15000 C. Dr Cash OMR15370 and Cr notes receivablesOMR15000 Cr interest OMr370 Dr Notes receivables OMR15000 Dr Interest329 and Cr Cash OMR15329
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