On November 1, 2020, EZ Products borrowed OMR48,000 on a 5%, 10-year note with annual installment payments of OMR4,800 plus interest due on November 1 of each succeeding year. How much interest expense should be accrued at December 31, 2020, for the period of November 1 through year-end? Select one: O a. OMR 200 O b. OMR1,200 O c. OMR 2,400 O d. OMR 400 Amjad and Malek form a partnership on June 1. Amjad contributes OMR 20,000 cash, inventory with a market value of OMR 55,000, and Accounts Payable of OMR 120,000. Amjad also contributed computer equipment with a cost of OMR 110,000 and accumulated depreciation of OMR 35,000. Current market value is OMR 125,000 Amjad's Capital will be Select one: O a. Credit, 65,000 O b. Debit, 80,000 O c. Credit, 80,000 O d. Debit, 65,000