Question

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

a. Cash 6,300

Notes Payable 6,300

b. Notes Receivable 6,300

Notes Payable 6,300

c. Notes Payable 6,300

Cash 6,300

d. Accounts Payable 6,300

Notes Payable 6,300

Answer

This answer is hidden. It contains 1 characters.