Question 1 Not yet answered Furniture LLC on 31st October 2019, has accepted a 45 day, 5% note of OMR 20,000 in exchange of an outstanding account receivable of the same value. Assume that if the notes receivable in honored on the due date then, what journal entry will be passed at maturity date assuming there are 360 days in a year? Marked out of 1.00 F Flag question Cash OMR 20,125 will be debited, notes OMR 20,125 will be credited Debit will be cash OMR 20,125, credit will be receivables OMR 20,000 and interest OMR 125 Cash OMR 20,000 will be debited and notes OMR 20,000 will be credited Debit will be cash OMR 20,000 and interest OMR 125, credit will be notes OMR 20,125 Question 2 Question 2 Cash kept separately for the purpose of purchase of machinery will be considered as Not yet answered Marked out of 100 Flag question Current asset Cash equivalent None of these Cash