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15 (3 points) Saved ABC Company negotiated the purchase of $5,000 in goods from XYZ, Inc with a note payable in 60 days, 12% interest.

15 (3 points) Saved ABC Company negotiated the purchase of $5,000 in goods from XYZ, Inc with a note payable in 60 days, 12% interest. The correct journal entry for issuance is: Inventory 5,000 A/P 5,000 5,000 Notes Payable 5,000 Inventory b) Inventory c) Discount 5,000 100 Notes Payable 5,100

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