The Journal Entry a Company Uses to Record the Issuance

question 80

Multiple Choice

The journal entry a company uses 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