Big Wave Marine expected these events during the current year.

Requirment 1. For each item, indicate the account and the related amout to be reported as a current liability on the Big Wave Marine balance sheet af December 31.

a. December revenues totaled $110,000; and, in addition, Big Wave Collected sales tax of 7%. The tax amount will be sent to the state of Oregon early in January. Indicate the account and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

b. On August 31, Big Wave signed a six-month, 9% note payable to purchase a boat costing $84,000. The note requires payment of principal and interest at maturity. Indicate the accounts and the related amounts to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

c. On August 31, Big Wave recieved cash of $3,600 in advance for service revenue. this revenue will be earned evenly over six months. Indicate the amount and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

d. Revenues of $750,000 were covered by big waves service warranty. At January 1, accrued warrantee payable was $11,300. during the year big wave recorded warranty expense of $30,000 and paid warranty claims $34,900. Indicate the account and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

e. Big Wave owes $95,000 on a long term note payable. At December 31, 12% interest for the year plus $25,000 of this principle are payable within one year. Indicate the accounts and the related amounts to be reported as a current liability on the big wave marine balance sheet at December 31.

Thank you in advance!

1 More Info a. ic December revenue totaled $110,000; and, in addition, Big Wave collected sales tax of 7%. The tax amount will be sent to the state of Oregon early in January b. On August 31, Big Wave signed a six-month, 9% note payable to purchase a boat costing $84,000. The note requires payment of principal and interest at maturity C. On August 31, Big Wave received cash of $3,600 in advance for service revenue. This revenue will be earned evenly over six months. d. Revenues of $750,000 were covered by Big Wave's service warranty At January 1, accrued warranty payable was $11,300. During the year, Big Wave recorded warranty expense of $30,000 and paid warranty claims of $34.900 Big Wave owes $95,000 on a long-term note payable. At December 31, 12% interest for the year plus $25,000 of this principal are payable within one year e. Print Done then rantinue to the next question Big Wave Marine experienced these events during the current year. Click the icon to view the facts.) Requirement For each item, indicate the account and the related amount to be reported as ac a. December revenue totaled $110,000, and, in addition, Big Wave collected sales tax current liability on the Big Wave Marine balance sheet at December 31. (Complete all i Account Amount b. On August 31, Big Wave signed a six-month, 9% note payable to purchase a boat c a current liability on the Big Wave Marine balance sheet at December 31. (Complete all Account Amount C. On August 31 Big Wave received cash of $3 600 in advance for service revenue. Th Big Wave Marine balance sheet at December 31 (Complete all input fields ] Menu Aut Choose from any list or enter any number in the input fields and then continue to Big Wave Marine experienced these events during the current year. Click the icon to view the facts.) Requirement 1. For each item, indicate the account and the related amount to be reported as a current liability or c. On August 31, Big Wave received cash of $3,600 in advance for service revenue. This revenue will Big Wave Marine balance sheet at December 31 (Complete all input fields.) Account Amount d. Revenues of $750,000 were covered by Big Wave's service warranty. At January 1, accrued warrant Indicate the account and the related amount to be reported as a current liability on the Big Wave Marine Account Amount e. Big Wave owes $95,000 on a long-term note payable At December 31, 12% interest for the year plus current liability on the Big Wave Marine balance sheet at December 31. (Complete all input fields.) Account Amount Choose from any list or enter any number in the input fields and then continue to the next quest Big Wave Marine experienced these events during the current year. Click the icon to view the facts.) Requirement 1. For each item, indicate the account and the related amount to be reported as a current lia Big Wave Marine balance sheet a December 31. Complete all input fields.) Account Amount d. Revenues of $750,000 were covered by Big Wave's service warranty. At January 1, accrued Indicate the account and the related amount to be reported as a current liability on the Big Wav Account Amount e. Big Wave owes $95,000 on a long-term note payable. At December 31, 12% interest for the current liability on the Big Wave Marine balance sheet at December 31. (Complete all input field Account Amount Choose from any list or enter any number in the input fields and then continue to the ne