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On April 12, Hong Company agrees to accept a 60-day, 10%, $5,000 note from Indigo Company to extend the due date on an overdue account

On April 12, Hong Company agrees to accept a 60-day, 10%, $5,000 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?

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