Question: Question 32 (3 points) On October 21, a note is used to replace a $5,000 overdue account payable that does not bear interest. The customer

 Question 32 (3 points) On October 21, a note is used

Question 32 (3 points) On October 21, a note is used to replace a $5,000 overdue account payable that does not bear interest. The customer agrees to pay $1,000 cash and sign a 60- day, 10% note to replace the account payable. The customer's entry to record this transaction would be: Accounts payable dr 5,000 Cash 5,000 cr Accounts payable dr 5,000 Cash 1,000 cr Notes payable 4,000 cr Accounts payable dr 5,000, Notes payable 5,000 cr SORU none of them y

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