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UREGNT!! 3. ABC Ltd. borrowed 250,000 AED on September 1,2020 and...

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Accounting

UREGNT!!
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3. ABC Ltd. borrowed 250,000 AED on September 1,2020 and is required to pay 261,000 AED on July 1, 2021. What amount is the note payable recorded at on September 1, and how much interest is recognized from September 1,2020 to December 31,2020? a) 250,000 and 4,400. b) 250,000 and 5,500. c) 261,000 and 4,400 . d) 261,000 and 5,500

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