Sea Spray Marina experienced these events during 2020.

a. December revenue totalled \(\$ 110,000\) and, in addition, Sea Spray collected sales tax of \(7 \%\). The sales tax amount will be remitted to the province of British Columbia early in January.

b. On October 31, Sea Spray signed a six-month, \(7 \%\) note to purchase a boat costing \(\$ 90,000\). The note requires payment of principal and interest at maturity.

c. On August 31 , Sea Spray received cash of \(\$ 1,800\) in advance for service revenue. This revenue will be earned evenly over six months.

d. Revenues of \(\$ 900,000\) were covered by Sea Spray's service warranty. At January 1, estimated warranty payable was \(\$ 11,300\). During the year, Sea Spray recorded warranty expense of \(\$ 31,000\) and paid warranty claims of \(\$ 34,700\).

e. Sea Spray owes \(\$ 100,000\) on a long-term note payable. At December \(31,6 \%\) interest for the year plus \(\$ 20,000\) of this principal are payable within one year.

{Requirement}

For each item, indicate the account and the related amount to be reported as a current liability on the Sea Spray Marina balance sheet at December 31, 2020.