Buffalo Supply issued a 45-day, 4% note for $1,200 payable to Antelope Manufacturing, in place of an open account. The journal entry would involve a
a. debit to Accounts Payable, Antelope Manufacturing, $1,200.
b. credit to Accounts Payable, Antelope Manufacturing, $1,200.
c. credit to cash.
d. debit to Notes Payable, $1,200.
Ans: a. debit to Accounts Payable, Antelope Manufacturing, $1,200.
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