Question: On March 1, 2016, Baker Services issued a 5% long-term notes payable for $33319. It is payable over a 3-year term in equal annual principal

On March 1, 2016, Baker Services issued a 5% long-term notes payable for $33319. It is payable over a 3-year term in equal annual principal payments on March 1 of each year plus interest, beginning March 1, 2017. What will be the balance ofthe Notes Payable accountDecember 31, 2016?

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