Sea Breeze Marine experienced these events during the current year.
a. December revenue totaled $110,000, and in addition, Sea Breeze collected sales tax of 8%. The tax amount will be sent to the state of Georgia early in January.
b. On August 31, Sea Breeze signed a six-month, 4% note payable to purchase a boat costing $82,000. The note requires payment of principal and interest at maturity.
c. On August 31, Sea Breeze received cash of $1,200 in advance for service revenue. This revenue will be earned evenly over six months.
d. Revenues of $750,000 were covered by Sea Breezes service warranty. At January 1, estimated warranty payable was $11,400. During the year, Sea Breeze recorded warranty expense of $30,000 and paid warranty claims of $34,600.
e. Sea Breeze owes $85,000 on a long-term note payable. At December 31, 10% interest for the year plus $25,000 of this principal are payable within one year.

Requirement
1. For each item, indicate the account and the related amount to be reported as a current liability on the Sea Breeze Marine balance sheet at December 31.