Question

Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting
A. Accounts Receivable and crediting Notes Receivable.
B. Notes Receivable and crediting Accounts Receivable.
C. Notes Payable and crediting Accounts Payable.
D. Accounts Payable and crediting Notes Payable.

Answer 1

its not a

Answer 2

This question might be better placed in Economics.