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CHAPTER 6 - The Accounting Cycle: Statements and Closing Entries / Chapter 6 Post-Class Homework Take me to the text artially correct Mark 2.00 out of For the following independent transactions, determine the amount of current and long-term liabilitys. 6.00 Do not enter dollar signs or commas in the input boxes. Flag No. question Transaction Current Liability Long-Term Liability On November 30, 2019, Frederick Flowers borrowed $252,600 from the bank. The entire amount is due on November 29, 2020. KLM Company purchased a small building at a cost of $190,000. The down payment is $60,000. The remaining balance is payable in 4 years with an 32500 annual payment of $32,500. During February 2019, a business owner obtained an interest-free loan from a financing company. The loan amount was $108,000. The agreed terms of payment is 5 annual installments of $21,600. A business owner borrowed $15,000 from a close friend for a business expansion. They both signed an agreement that the payment will be made 15000 after 4 years. Note: The "check" button does not submit your attempt To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button. Partially correct Marks for this submission: 200/8,00