Assume that on 31st May Vimal Fabrics Company asked Raymond cotton company to extend the credit period for its past due of OMR 1000. After some negotiations, Raymond Company agrees to accept OMR 200 cash and a 60-day, 12%, OMR 800 note payable to replace the account payable. From the following given options choose the correct journal entry for the above transaction in the books of Vimal Fabrics Company.

a. Dr Accounts payables A/c OMR 1000 and Cr Notes payable A/c OMR 1000

b. Dr Cash A/c OMR 200 Dr Notes Payable A/C OMR 800 and Cr Accounts payables A/c

c. Dr Accounts Payable A/c OMR 1000 and Cr cash A/c OMR 200 Cr Notes payable A/c OMR 800

d. None of the given options