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For each of the following, indicate the liability, if any, that would be shown on a balance sheet for Snead Company as of December 31,

For each of the following, indicate the liability, if any, that would be shown on a balance sheet for Snead Company as of December 31, 2021. 

1. Snead received an invoice for the supplies it ordered in late December for a total of $5,000, but the supplies have not been received as of December 31. 

2. Snead received a bill for advertising services received in December in the amount of $10,000. 

3. Snead will receive a $10,000 loan from his bank on January 1, 2022.



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