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On March 1, 2020, B Services issued a 5% long-term notes payable for $20,000. It is payable over a 4-year term in $5,000 annual principal

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On March 1, 2020, B Services issued a 5% long-term notes payable for $20,000. It is payable over a 4-year term in $5,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2021. How will the notes payable be shown on the Balance Sheet dated December 31, 2020? the entire $15,000 shown as a long-term liability h O $5,000 shown as a current liability and $15,000 shown as a long-term liability $15.000 shown as a current liability. $10.000 shown as a current liability and $10,000 shown as a long-term liability

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