The Journal Entry to Record the Conversion of a $6,300 $\begin{array} { l l l } \text { Cash } & 6,300 & \\\quad \text { Notes Payable } & & 6,300\end{array}$

question 152

Multiple Choice

The journal entry to record the conversion of a $6,300 accounts payable to a note payable would be

• A)
• \(\begin{array} { l l l }
• \text { Cash } & 6,300 & \\
• \quad \text { Notes Payable } & & 6,300
• \end{array}\)
• B)
• Notes Receivable \(\quad 6,300\)
• Notes Payable \(\quad 6,300\)
• C)
• Notes Payable \(\quad 6,300\)
• Cash\(\quad 6,300\)
• D)
• Accounts Payable \(\quad 6,300\)
• Notes Payable \(\quad 6,300\)

Recognize the importance of decision-making innovations in the workplace since the 1970s.

Understand the concept and characteristics of internal labor markets and their protection for senior personnel.

Comprehend the role of seniority rules within organizations.

Recognize how markets can create inequalities through the commodification of goods or services.

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