Morrison's Gifts' accounting records provide the following liability data at year-end:

a. Sales of \(\$ 400,000\) were covered by Morrison's product warranty. At January 1 , estimated warranty payable was \(\$ 3,000\). During the year, Morrison recorded warranty expense of \(\$ 12,000\) and paid warranty claims of \(\$ 14,000\).

b. December sales totaled \(\$ 100,000\), and Morrison collected an additional state sales tax of \(7 \%\). This amount will be sent to the state of Mississippi early in January.

c. Morrison owes \(\$ 100,000\) on a note payable. At December \(31,6 \%\) interest on the full note and \(\$ 20,000\) of this principal are payable within one year. 

d. On November 30, Morrison received cash of \(\$ 4,500\) in advance for the rent on a building. This rent will be earned evenly over three months. 

e. On September 30, Morrison signed a six-month, \(8 \%\) note payable to purchase equipment costing \(\$ 30,000\). The note requires payment of principal and interest at maturity.

Requirement 

For each item, indicate the account and the related amount to be reported as a current liability on Morrison's December 31 balance sheet.