41) On March 1, 2016, Hughes Services needed to borrow some money and signed a 6% long-term notes payable for $18,000. It is payable over a 3-year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2017. Which of the following entries needs to be made on March 1, 2016? A) Current Portion of Long-Term Notes Payable 18,000 18,000 B) Cash 18,000 Long-Term Notes Payable 18,000 C) Long-Term Notes Pavable Accounts Payable 18,000 18,000 D) Long-Term Notes Payable 6,000 Cash 6,000