Question: On March 31, 2016, ABC Corp signed a $100,000,8% notes poyyoble. The principal amount is required to be repaid in 4 years, and interest poyments

On March 31, 2016, ABC Corp signed a $100,000,8% notes poyyoble. The principal amount is required to be repaid in 4 years, and interest poyments are required each March 31 Assuming ABC Corp, properly accrued interest at December 31. 2016. which of the following would be in the journal entry for the first interest payment on March 31, 2017? Muriate Chicice Debit to interest Froense for 16.000 Debit ta interest Poyable for $6,000 Debi 10 Canh for $4,000 Debit to Nibtes Paybole for $8,000

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