Question: A company issued a 6 - month, 3 % note for $ 1 , 0 0 0 to satisfy an account payable. What should the

A company issued a 6-month, 3% note for $1,000 to satisfy an account payable.
What should the company record to account for its issuance of the note?
Decrease Accounts Payable $1,000; Increase Note Payable $1,000
Decrease Cash $1,000; Decrease Note Payable $1,000
Increase Accounts Payable $1,000; Increase Note Payable $1,000
Increase Cash $1,000; Increase Note Payable $1,000
A company issued a 6-month, 3% note for $1,000 to satisfy

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