Meka Hypermarket on April 1st, 2020, sells food product on account to Al Baylasan Farm for RO 2,500. The sales term is 5% on
60 days. Prepare the journal entry to record this transaction on the books of Meka Hypermarket on the 1st of April:
Select one:
a
Account Receivable
2,500
Sales Revenue
2,500
b.
Sales Revenue
2.500
Account Receivable
2,500
C
Bad debt expenses
2.500
Allowances for doubtful
2,500
account
d.
Cash
2,500
Sales Revenue
2,500