Reference no: EM132714926

Question: From the following? information, determine whether the accounts are current or? long-term liabilities. Show how the current liabilities would be presented on the balance sheet at December? 31, 2019?, assuming a separate line on the balance sheet for each item. Perform any calculations that may be required.

a. A? one-year, 5 percent note payable for ?$3,600 was issued on November? 3, 2019.

b. A ?$30,000?, ?180-day, 4 percent bank loan was arranged and effective on September? 17, 2019.

c. A ?$18,000?, ?two-year, 4 percent bank loan was arranged and effective on September? 17, 2019. The loan must be repaid in full on September? 17, 2021.

d. A ?$30,000?, ?two-year, 6 percent bank loan was arranged and effective on January? 2, 2019. Half of the loan must be repaid on January? 2, 2020?, and the remainder repaid on January? 2, 2021.

e. Of the ?$5,400 unearned subscription revenue that was recorded during the? year, ?$4,400 was earned by December 31.

f. The company expects to pay future warranty costs of 5 percent of sales for the ?$380,000 of goods sold during 2019.