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42 On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue
42 On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue account payable. What is the journal entry made by Indigo Company to record the transaction? 1,33 points Book Multiple Choice Debit Accounts Payable $5,900. credit Notes Payable $5,900 Debit Cash $5,900, credit Notes Payable $5,900. Debit Sales $5,900; credit Notes Payable $5,900. Debit Accounts Receivable $5,900; credit Notes Payable $5,900. Multiple Choice Debit Accounts Payable $5,900; credit Notes Payable $5,900. Debit Cash $5,900; credit Notes Payable $5,900. Debit Sales $5,900; credit Notes Payable $5,900. Debit Accounts Receivable $5,900; credit Notes Payable $5,900. Debit Notes Payable $5,900; credit Accounts Payable $5,900. D
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