Morton Co. accepts a 60-day, 11% note from Anderson Imports for an extension of time on its
Question:
Morton Co. accepts a 60-day, 11% note from Anderson Imports for an extension of time on its account, $990.00 Notes Receivable No. 5.
The credit for this transaction would be made to
a. Accounts Payable.
b. Accounts Receivable.
c. Notes Payable.
d. Notes Receivable.
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