Question: Oneco signed a 7-year note payable on January 1, 2018, 05400,000. The note requires annual principal payments each December 31 of $70,000 plus interest at

Oneco signed a 7-year note payable on January 1, 2018, 05400,000. The note requires annual principal payments each December 31 of $70,000 plus interest at 18%. The entry to record the annual payment on December 31, 2018 includes OA a credit to Notes Payable for $70,000 OB. a debt to interest Expense for 163.000 Oc a debt to interest Expense for 573,500 OD. a credit to Cash of $143.500

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