Multiple Choice
The journal entry to record the issuance of a note for the purpose of converting an existing account payable would be
A) debit Cash; credit Accounts Payable
B) debit Accounts Payable; credit Cash
C) debit Cash; credit Notes Payable
D) debit Accounts Payable; credit Notes Payable
Correct Answer:
Verified
Correct Answer:
Verified
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