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How do I solve? On December 1, 2018, Modem Dining Products borrowed recorded as...

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Accounting

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On December 1, 2018, Modem Dining Products borrowed recorded as a long-term note payable. What amount of the note payable will be shown as current portion of Long $100,000 on a 5%, 8-year note with annual installment payments of $12,500 plus interest due on December 1 of each succeeding year. On December 1, the principal amount wa (Round your answer to nearest whole number.) Note Payable on the balance sheet as of December 31, 2018? O A $25,000 B. $17,500 c- $5,000 o. $12,500

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