Buyer Company asks to extend its past due $620 account payable to Seller Company. Seller Company agrees to accept $110 cash and a 60 -day, 10%, $510 note payable to replace the account payable. How does Buyer Company record this event in the general journal? Accounts payable 510 Cash 110 Notes payable 620 Accounts payable 620 Cash 110 Notes payable 510Accounts payable 110 Cash 110 Buyer Company has no entry to record for this transactionCash 110 Accounts payable 110