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On March 1,2016,Hughes Services Issued a 9% Long-Term Notes Payable

Question 62

Multiple Choice

On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016?


A)
On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016? A) B) C) D)
B)
On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016? A) B) C) D)
C)
On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016? A) B) C) D)
D)
On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016? A) B) C) D)

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