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What will be the journal entry to record the issue of note of $30,000 to a creditor who has agreed to pay the amount on
What will be the journal entry to record the issue of note of $30,000 to a creditor who has agreed to pay the amount on the specified terms as per the note agreement? a. Date Description Notes Payable Cash (To record the issue of note against the amount due) Ref. Debit(in) Credit(in ) $ 30,000 $ 30,000 b. Date Description Notes Payable Accounts Payable (To record the issue of note against the amount due) Ref. Debit(in $) Credit(in $) S 30,000 $ 30,000 c. Date Description Accounts Payable Notes Payable (To record the issue of note against the amount due) Ref. Debit(in $) Credit(in %) S 30,000 S 30,000 d. Date Description Accounts Payable Cash (To record the issue of note against the amount due) Ref. Debit(in) Credit(in S) S 30,000 S 30,000
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