Question: Section B: Short Answer Type Questions. (1 x 3marks = 3 Marks) 1. On July 25, 2019 Al-Raha Company received a OMR 55,000, 90- days,

Section B: Short Answer Type Questions. (1 x 3marks = 3 Marks) 1. On July 25, 2019 Al-Raha Company received a OMR 55,000, 90- days, 20% note on account from Al-Maha Company (3 Marks) Required: Determine: .) Maturity date for the note b) Interest camned during the term of the note c) Maturity value of the note Answer: a. Maturity date for the note b. Interest earned during the term of the note c. Maturity value of the

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