Homework Answers
Answer-
| S.NO. | ITEMS | CLASSIFICATION |
| 1 | Notes payable (due in 13 to 24 months) | L |
| 2 | Notes payable (due in 6 to 12 months) | C |
| 3 | Notes payable (mature in five years) | L |
| 4 | Current portion of long term debt | C |
| 5 | Notes payable (due in 120 days) | C |
| 6 | FUTA taxes payable | C |
| 7 | Accounts receivable | N |
| 8 | Sales taxes payable | C |
| 9 | Salaries payable | C |
| 10 | Wages payable | C |
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