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On April 12, Hong Company agrees to accept o 60-day, 10%, 56,200 note from Indigo Company to extend the due date on an overdue account

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On April 12, Hong Company agrees to accept o 60-day, 10%, 56,200 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? Multiple Choice Debit Sales $6.200, credit Notes Payable $6.200 Debt Notes Payable $5,200, credit Accounts Payable 56.200 Debit Accounts Payable 56.200, credt Notes Payable $6.200 Debt Coon 36200, credit Notes Payable $6.200. Debit Accounts Receivable $6,200.credit Notes Payable 56,200

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