On March 1, 2018, Lewis Services issued a

99%

longminusterm

notes payable for

$ 25 comma 000$25,000.

It is payable over a

55minusyear

term in

$ 5 comma 000$5,000

principal installments on March 1 of each year, beginning March 1, 2019. Which of the following entries needs to be made on March 1, 2018?

A.

Current Portion of LongminusTerm Notes Payable	25 comma 00025,000
LongminusTerm Notes Payable		25 comma 00025,000

B.

LongminusTerm Notes Payable	25 comma 00025,000
Accounts Payable		25 comma 00025,000

C.

Cash	25 comma 00025,000
LongminusTerm Notes Payable		25 comma 00025,000

D.

LongminusTerm Notes Payable	5 comma 0005,000
Cash		5 comma 0005,000