The journal entry to record the issuance of a note for the purpose of converting an existing account payable would be

A) debit Cash; credit Accounts Payable
B) debit Accounts Payable; credit Cash
C) debit Cash; credit Notes Payable
D) debit Accounts Payable; credit Notes Payable

Journal Entry

A record in accounting that documents a business transaction in the general ledger, indicating the accounts and amounts to be debited and credited.

Accounts Payable

Short-term liabilities of a company, representing amounts owed to creditors for goods and services received but not yet paid for.