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Question 2 Note anted A Seib Resources, a natural energy supplier, borrowed OR80 million cash on November 1, 2019. to fund a geological survey The
Question 2 Note anted A 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 appropriate adjusting entry for the note by Al-Seib Resources on December 31, 2019 Shaw calculations Malta 200 Flag Question 800.000 Select one Interest expense Interest payable b. Interest expense cashi 800 000 800.000 800,000 1 600,000 Dc Interest payable Interest expense 1.800.000 1 600,000 Interest expense Interest payable 1.600.000
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