1, Which of the wollowing is not a liability?

A, An unused line of credit

B, Current portion of long-term debit

C, Sales tax collected from customers

D, Unearned revenue

2, On December 11, 2015, Jaron Co received magazine subscriptions for 2016 in cash for $200. Make the entry to record the recipt of this cash in 2015.

3, If you buy lunch for 16.35 that includes 9% sales tax, how much did the restaurent charge you for lunch and how much do they owe for sales taxes?

4, United Supply has a $25 million liability at December 31, 2015, of which $5 million is payable in each of the next five years. What portion of the $25 million is current and what is long term at 12/31/2015?