The beginning and ending balances of long-term debt are $64,000 and $35,200,respectively,and,cash payments for long-term debt during the year were $34,100.How much new long-term debt was issued during the year?
A)New long-term debt issued during the year was $1,100.
B)New long-term debt issued during the year was $5,300.
C)New long-term debt issued during the year was $28,800.
D)New long-term debt issued during the year was $62,900.

Question

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The Answer of The beginning and ending balances of long-term debt are $64,000 and $35,200,respectively,and,cash payments for long-term debt during the year were $34,100.How much new long-term debt was issued during the year?
A)New long-term debt issued during the year was $1,100.
B)New long-term debt issued during the year was $5,300.
C)New long-term debt issued during the year was $28,800.
D)New long-term debt issued during the year was $62,900.

The Beginning and Ending Balances of Long-Term Debt Are $64,000