The Journal Entry to Record the Issuance of a Note

question 76

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

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Definitions:

Activity Durations

The estimated or actual amount of time needed to complete an activity or task in project management.