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Homework Answers
| Current | Long term | ||
| a | Unearned Revenue | $ 2,20,000 | |
| b | Taxes Payable | $ 6,000 | |
| c | Loan Payable | $ 96,000 | |
| d | Warranty Payable | $ 21,000 | |
| e | Accounts Payable | $ 59,000 | |
| f | Loan Payable | $ 4,800 | $ 43,200 |
| g | Bank Overdraft | $ 4,800 |
Liabilities which are payable within 12 months from reporting date
is current liabilities and other is Long term
Note : As per HOMEWORKLIB RULES, we are supposed to do one question completely, so kindly post other question separately
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