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TB MC Qu. 09-125 (Algo) On April 12, Hong Company agrees... On Apil 12. Hong Company agrees to accept a 60-day, 10%, $6,400 note from
TB MC Qu. 09-125 (Algo) On April 12, Hong Company agrees... On Apil 12. Hong Company agrees to accept a 60-day, 10\%, $6,400 note from Indigo Company to extend the due dote on an ovardue account payable. What is the joumal entry made by indigo Company to record the transaction? Musiple Cnoice Debit Sules $6,400; eredit Notes Payable $6,400 Debit Accounts Recelvable $6,400 cied: Nates Paysble $6,400 Debit Cash $6.400 creot Notes Piyable $6.400 Debit Accounts Paysble 56,400 , creot Notes Payabie 56,400 Debil Notes Pryabie 36.460 cred Accounts Pyyabie $6.400
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