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On March 1, 2018, Barker Services issued a 9% long-term notes payable for $24,000. It is payable over a 6-year term in $6,000 annual principal
On March 1, 2018, Barker Services issued a 9% long-term notes payable for $24,000. It is payable over a 6-year term in $6,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. How will the notes payable be shown on the balance sheet dated December 31, 2018? OA. O B. O C. O D. $6,000 shown as current liability and $18,000 shown as long- term liability $24,000 shown as current liability only $6,000 shown as current liability and $24,000 shown as long- term liability the entire $24,000 shown as long-term liability
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