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halifa University On March 1, 2018. Everson Services issued a 4% long-term notes payable for $16,000. It is payable over a 4-year term in $4000

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halifa University On March 1, 2018. Everson Services issued a 4% long-term notes payable for $16,000. It is payable over a 4-year term in $4000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. Each yearly installment will include both principal repayment of $4000 and interest payment for the preceding one-year period. On March 1, 2019. The accounting period ends on December 31. Select one: Everson must pay $640 of interest to the note holder Everson must accrue the next note payment of $4000 as the current portion of principal payment Everson must accrue $4000 of Interest Expense Everson will receive $4000 as an installment payment Next page Dage

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