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Ch. 11: Current Liabilities: 1. Notes Payable. a. Conversion of Accounts Payable to Notes Payable. b. Accrual of Interest Expense. c. Repayment/Default. 2. Product Warranties.

Ch. 11: Current Liabilities: 1. Notes Payable. a. Conversion of Accounts Payable to Notes Payable. b. Accrual of Interest Expense. c. Repayment/Default. 2. Product Warranties. a. Adjusting Entry to Recognize Estimated Warranty Expense. b. Warranty Claims Costs. 3. Other Liabilities. a. Sales Taxes. b. Payroll Taxes. c. Vacation/Sick Pay. d. Pension/Postretirement Benefits.

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