The Beginning and Ending Balances of Long-Term Debt Are $69,000

question 117

Multiple Choice

The beginning and ending balances of long-term debt are $69,000 and $40,200, respectively, and, cash payments for long-term debt during the year were $39,100. How much new long-term debt was issued during the year?

• A)New long-term debt issued during the year was $1100.
• B)New long-term debt issued during the year was $10,300.
• C)New long-term debt issued during the year was $28,800.
• D)New long-term debt issued during the year was $79,300.

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