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On 1 January 2020, SALALAH BANK gives a loan of 140000 OMR to Saadah Company for 3 years. The interest rate is 12 %. The

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On 1 January 2020, SALALAH BANK gives a loan of 140000 OMR to Saadah Company for 3 years. The interest rate is 12 %. The bank opens an account for the customer and deposits the amount into that account. Saadah Company will make repayment as instalments. Which of the following is the journal entry to be recorded for payment of the fourth instalment? Select one: A. Demand Deposits 4500 Interest on Loans Loans B. Demand Deposits 4650 3: Loans Interest on Loans 1: OC. Liabilities 4872.06 Interest on Loans Assets 3 10 D. Expenses 3972.06 3 Loans Deposits On 1 January 2020, SALALAH BANK gives a loan of 140000 OMR to Saadah Company for 3 years. The interest rate is 12 %. The bank opens an account for the customer and deposits the amount into that account. Saadah Company will make repayment as instalments. Which of the following is the journal entry to be recorded for payment of the fourth instalment? anuary 2020, SALALAH BANK gives a 140000 OMR to Saadah Company ears. The interest rate is 12 %. The pens an account for the customer posits the amount into that account. Company will make repayment as ients. of the following is the journal entry to orded for payment of the fourth ient? one: mand Deposits 4500 Interest on Loans Loans 3000 1500 mand Deposits 4650 Loans Interest on Loans 3348.48 1301.52 bilities 4872.06 Interest on Loans Assets 3820.13 1051.93 Denses 3972.06 Loans Deposits 3000.13 971.93

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