Megan5863 Megan5863

25-11-2022
Business

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Niwa Co. replaced a $3,000 account payable balance to Fiona Co. with a 60-day, $3,000 note bearing 5% annual interest. Niwa's entry to record this transaction would include which of the following entries?
~Credit to notes payable
~Debit to accounts payable

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