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Salim makes credit sales of OMR10,000 to Khalifa on June 10/2020 receivable after two months by August 10/2020 Khalifa request for extending period one month
Salim makes credit sales of OMR10,000 to Khalifa on June 10/2020 receivable after two months by August 10/2020 Khalifa request for extending period one month more and Salim agreed with charging Khalifa 2% interest in order to by September 10/2020. On October 10 /2020 Salim realized that OMR500 will be uncollectable receivable. Work Required: Pass the necessary entries and indicate which is to be used for uncollectable receivable
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