Multiple Choice
Cory issued a note to his creditor in exchange for an account.Cory records the transaction as follows:
A) debit Notes Payable;credit Accounts Payable.
B) debit Notes Receivable;credit Accounts Receivable.
C) debit Accounts Payable;credit Notes Payable.
D) debit Accounts Receivable;credit Notes Payable.
Correct Answer:
Verified
Correct Answer:
Verified
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