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Salida Company Paid a Note Payable of $10,000 (Interest Had

Question 49

Multiple Choice

Salida Company paid a note payable of $10,000 (interest had previously been paid) . This transaction should be recorded as follows on the payment date.  A)   Accounts payable 10,000 Cash 10,000 B)   Cash 10,000 Note payable 10,000 C)   Note payable 10,000 Cash 10,000 D)   Note payable expense 10,000 Cash 10,000\begin{array} { | l | l | r | r | } \hline \text { A) } & \text { Accounts payable } & 10,000 & \\\hline & \text { Cash } & & 10,000 \\\hline \text { B) } & \text { Cash } & 10,000 &\\\hline & \text { Note payable } & & 10,000 \\\hline \text { C) } & \text { Note payable } & 10,000 & \\\hline & \text { Cash } & &10,000 \\\hline \text { D) } & \text { Note payable expense } & 10,000 &\\\hline & \text { Cash } & & 10,000 \\\hline\end{array}


A) Choice A
B) Choice B
C) Choice C
D) Choice D

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