Martin Company Needs Additional Time to Pay Its Accounts Payable

question 39

Multiple Choice

Martin Company needs additional time to pay its accounts payable to Boster Company.Martin makes a written promise to pay Boster the amount on a certain date.Boster records this transaction as follows:

• A)debit Notes Receivable; credit Accounts Receivable.
• B)debit Cash; credit Accounts Receivable.
• C)debit Accounts Receivable; credit Notes Receivable.
• D)debit Notes Receivable; credit Cash.

---

Definitions:

Congress

The legislative branch of the United States government, responsible for making laws and consisting of two chambers: the Senate and the House of Representatives.

Commercial Speech

Any type of speech or communication used by businesses intended for marketing or commercial purposes, which is protected under certain legal frameworks.

First Amendment

A part of the U.S. Constitution that protects freedoms including speech, religion, press, assembly, and petition.

Protection

Measures or policies implemented to guard against harm or loss in a legal, financial, or security context.