The main difference between accounts payable and notes payable is that notes payable:Question $4$ Select one:$1.$are long$-$term liabilities instead of current liabilities$\mathrm{.}2.$are recorded on the income statement instead of the balance sheet$\mathrm{.}3.$are written promises to pay, not oral ones$\mathrm{.}4.$must be paid to restaurant or hotel guests.