For each of the following situations, indicate the amount shown as a liability on the balance sheet of Javier, Inc., at December 31:

The situation doesn't require a liability to be recorded, leave the corresponding amount blank (zero).

a. Javiers general ledger shows a credit balance of $260,000 in LongTerm Notes Payable. Of this amount, a $60,000 installment becomes due on June 30 of the following year. What amount, if any, is shown as a noncurrent liability?

b. Javier estimates its unpaid income tax liability for the current year is $68,000; it plans to pay this amount in March of the following year.

c. On December 31, Javier received a $60,000 invoice for merchandise shipped on December 28. The merchandise has not yet been received. The merchandise was shipped F.O.B. shipping point.

d. During the year, Javier collected $21,000 of state sales tax. At yearend, it has not yet remitted $2,800 of these taxes to the state department of revenue.

e. On December 31, Javiers bank approved a $20,000, 90day loan. Javier plans to sign the note and receive the money on January 2 of the following year.

Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as a liability on the balance sheet of Javier, Inc., at December 31: The situation doesn't require a fiability to be recorded, leave the corresponding amount blank (zero) Transactions virgeneral ledger shows a creat wance of 260.000 in Long Term Nay of amount 0.00 in comune of the following year. What amountanyeshow Javier estimates its naid income taxaby for the current years 50.000 i to pay the amount in March of the following con December received a 500.000 inwoice for merchandise Shoped on December the merchandises not yet been received. The merchandige was the shipping 8. During the year later collected 521.000 of state sales tax Ayere end. It has not yet retted 52.000 de to the state partnere On December 31 bankareda 520.000, 95-calon plans to the end dette money on rary of the forewire