1. All of the following are reported as current liabilities except a. Accounts Payable b. Unearned Revenue c. Bonds Payable d. Notes Payable 2. On July 1, Swifty's Carnet Service borrows $600.000 from First National Bank on a 9-month, 3000,000, 8% note. What entry must Swifty's Carpet Service make on December 31 before financial statements are prepared? 24,000 a. Dr: Interest Payable Cr: Interest Expense 24,000 24,000 b. Dr. Interest Expense Cr: Interest Payable 24,000 36,000 c. Dr: Interest Payable Cr: Interest Expense 36,000 36,000 d. Dr: Interest Expense Cr: Interest Payable 36,000 3. Sheffield Insurance Company collected a premium of $36,900 for a 1-year insurance policy on May 1. What amount should Sheffield report as a current liability for Unearned Insurance Revene at December 31? a. 36,900 b. 0 c. 12,300 d. 24,600 4. The rate of interest investors demand for loaning funds to a corporation is the: a. bond interest rate. b. stated rate. c. contractual interest rate. d. market interest rate