Additional Time Given to the Payee to Settle an Account

Multiple Choice

Additional time given to the payee to settle an account with issuance of a note, results in a transfer of:

A) assets from Notes Receivable to Accounts Receivable.
B) assets from Accounts Receivable to Notes Receivable.
C) liabilities from Notes Payable to Accounts Payable.
D) liabilities from Accounts Payable to Notes Payable.