and financed

$6,000

Long-Term debt to pay for it. You have also elected to retire

$6,000

of LongTerm Debt. Now, your closing cash position reads

-$3,000

.\ Retire\ Issue\ Long\ Term Debt

$0

\ Incorrect!\ The

$6,000

Long-Term Debt you initially issued was

and financed $6,000 Long-Term debt to pay for it. You have also elected to retire $6,000 of LongTerm Debt. Now, your closing cash position reads $3,000. Incorrect! The $6,000 Long-Term Debt you initially issued was