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Question Help On March 1, 2018, Lewis Services issued a 9% long-term notes payable for $23,000. It is payable over a 4-year term in $5,750
Question Help On March 1, 2018, Lewis Services issued a 9% long-term notes payable for $23,000. It is payable over a 4-year term in $5,750 principal installments on March 1 of each year, beginning March 1, 2019. Which of the following entries needs to be mad on March 1, 2018? 23,000 23,000 23,000 23,000 O A. Cash Long-Term Notes Payable O B. Long-Term Notes Payable Accounts Payable O C. Long-Term Notes Payable Cash OD. Current Portion of Long-Term Notes Payable Long-Term Notes Payable 5,750 5,750 23,000 23,000
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