Question 31 Not yet answered Marked out of 1.00 Flag question A loan has been made by the bank on 31st October for 60 days to Company Trading LLC. Company Trading LLC has signed a note with face value equals to the amount borrowed. Trading LLC. has issued a note payable to the bank for OMR 5,000 plus interest at rate of 12% for 60 days. On due date of the notes payable at the time of payment, which journal entry will be passed by the company XYZ? Notes payable will be debit OMR 5,100, Cash will be credit OMR 5,100 Notes payable will be debit OMR 5,000 and interest will be debit OMR 100, cash will be credit OMR 5,100 Notes payable will be debit OMR 5,100, interest will be credit OMR 100, cash will be credit OMR 5,000 None of these