On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016?

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The Answer of On March 1,2016,Hughes Services issued a 9% long-term notes payable for $25,000.It is payable over a 5-year term in $5,000 principal installments on March 1 of each year,beginning March 1,2017.Which of the following entries needs to be made on March 1,2016?

On March 1,2016,Hughes Services Issued a 9% Long-Term Notes Payable