Short-term versus long-term liabilities

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Reference no: EM131211841

Short-term versus Long-term Liabilities. In the shaded cells below, indicate whether the following liabilites should be classified as short-term or long-term.

Notes Payable - not due for three years

Salaries Payable

Accounts Payable

Sales Tax Payable

Wages Payable

Notes Payable - the portion of a five year note, due within the next 12 months

Notes Payable - the portion of a five year note, due after the next 12 months

FICA Taxes Payable

Unearned Revenue for a job that will ship next month

Accrued Expenses for this month's utility bill

Interest Payable

Notes Payable - due in six months

Reference no: EM131211841

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