The Beginning and Ending Balances of Long-Term Debt Are $61,500

question 55

Multiple Choice

The beginning and ending balances of long-term debt are $61,500 and $35,400,respectively,and cash payments for long-term debt during the year were $35,100.How much new long-term debt was issued during the year?

• A)New long-term debt issued during the year was $9,000.
• B)New long-term debt issued during the year was $300.
• C)New long-term debt issued during the year was $26,100.
• D)New long-term debt issued during the year was $61,200.

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