Question: This Question: IU PLS 10 On March 1, 2018, Everson Services issued a 4% long-term notes payable for $16.000. It is payable over a 4-year

This Question: IU PLS 10 On March 1, 2018, Everson Services issued a 4% long-term notes payable for $16.000. It is payable over a 4-year term in $4.000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period. On March 1, 2019 The accounting period ends on December 31. O A Everson must accrue the next note payment of $4,000 as the current portion of principal payment OB. Everson will receive $4,000 as an installment payment OC. Everson must accrue $4,000 of Interest Expense OD. Everson must pay $640 of interest to the note holder Click to select your answer Save for Later

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