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Journal entry for conversion of accounts to notes payable

The journal entry to record the conversion of a $150 accounts payable to a notes payable would be?
These were my two guesses: Cash $150
Notes payable $150
or
Accounts payable $150
notes payable $150
I don't know if I am right for either one of them

Solution Preview

The second one is correct
Accounts payable $150
notes ...

Solution Summary

The solution explains what journal entry needs to be made to convert an accounts payable to a notes payable

$2.19