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 \(\quad 6,300\)

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Definitions:

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Merit Bonuses

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Performance Appraisal System

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