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ot yet Al-Seib Resources, a natural energy supplier, borrowed OR80 million cash on November 1, 2019, to fund a geological Survey The loan was made
ot yet Al-Seib Resources, a natural energy supplier, borrowed OR80 million cash on November 1, 2019, to fund a geological Survey The loan was made by the National Bank of Oman (NBO) under a short-term credit line. Al Seib Resources issued a 9 month, 12% promissory note with interest payable at maturity. Al Seib Resources financial period is the calendar year The journal entry for the issuance of the note by Al-Seib Resources is ane out of 00 Jeston 80,000,000 B0 000 000 Select one a Cash Notes payable ob Cash Notes payable c. Notes payable Cash 70.400 000 70,400,000 70,400,000 70 400,000 80,000,000 d Notes payable Cash BD D00,000
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