1. Provide an example of a known liability, an estimated liability, and a contingent liability 2. If a company with a December 31 year-end were to borrow money in the form of a fourmonth note on November 1 , what accounts would be debited on March 1 when it pays the note off? 3. What journal entry is made when unearned revenue is earned? 4. What is the difference between a current liability for an uncertain amount and a contingent liability? Give an example of each, and demonstrate how they differ with respect to the difference that you identified in the first part of this question. 5. What is the distinguishing feature of the following types of bonds? a. Convertible b. Callable c. Secured d. Unsecured e. Serial f. Term