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Mekka Hypermarket on January 1st, 2020, sold rice product on account to Al Karama shop for RO 3,000. The sales term is 3% on 45

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Mekka Hypermarket on January 1st, 2020, sold rice product on account to Al Karama shop for RO 3,000. The sales term is 3% on 45 days. On January 31, Al Karama shop informed Mekka that they have financial issue and cannot pay 50% of the amount, so Mekka assume that 50% of the amount is uncollectable. Prepare the journal entry to record this transaction on the books of Mekka Hypermarket on the 31st of January 1500 1500 Select one: a. Bad Debts Expenses Allowances for Doubtful Account O b. Interest Receivable Account Receivable O c. Account Receivable Sales Revenue 1500 1500 3000 3000 3000 O d. Bad Debts Expenses Allowances for Doubtful Account 3000 Which one of these principles is considered for cash disbursement control: Select one: O a. Rarely compare checks to invoices O b. Reconcile bank statement annually O c. Same staff approve and make payment O d. Print check amount by machine

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