Decision Point: The Balance Sheet: Liabilities You explain to Alex that the second part of the balance sheet lists his liabilities -- amounts that the restaurant owes to other parties. After some digging, Alex puts together a list of what he owes. Alex's Ristorante Balance Sheet Liability Accounts payable Sales and liquor tax payable Mortgage on building Payroll taxes payable Note payable (due in November) Amount Current Liabilities $14,344 $8,200 $55,300 Alex's Ristorante Balance Sheet $15,600 $27,500 You look over the list and tell Alex, "Now we're going to separate these liabilities into two categories -- current liabilities, which need to be paid within a year, and long-term liabilities." Drag each of the liabilities listed into the correct category in the liabilities section of Alex's Ristorante's balance sheet. Long-Term Liabilities

Decision Point: The Balance Sheet: Liabilities You explain to Alex that the second part of the balance sheet lists his liabilities - amounts that the restaurant owes to other parties. After some digging, Alex puts together a list of what he owes. Alex's Ristorante Balance Sheet You look over the list and tell Alex, "Now we're going to separate these liabilities into two categories current liabilities, which need to be paid within a year, and long-term liabilities." Drag each of the liabilities listed into the correct category in the liabilities section of Alexs Ristorante's balance sheet. Alex's Ristorante Balance Sheet