Question: On March 1 2018, Everson Services issued a 4% ong-term notes payable for $24,000. It is payable over a 6-year ter in S6 000 annual

On March 1 2018, Everson Services issued a 4% ong-term notes

On March 1 2018, Everson Services issued a 4% ong-term notes payable for $24,000. It is payable over a 6-year ter in S6 000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. Each yearly installment will include both principal repayment of S6,000 and interest payment for the preceding one -year period. On March 1, 2019,The accounting period ends on December 31 O A. Everson will receive $6,000 as an installment payment O B. Everson must accrue the next note payment of $6,000 as the current portion of principal payment O C. Everson must pay $960 of interest to the note holder D. Everson must accrue $6,000 of Interest Expense

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