I have no idea how to do this. I need help breaking the assignment down.

Enter your responses to each question, then save your document and upload it to Blackboar 3 pts. each. Entry except for Question 4. They are 6.5 pts. each #!: The following items appear on the balance sheet of a company with a two-month operating cycle. Identify t Directions: At the beginning of each line, write C if the item is a current liability, L if it is a long-term liability, or N Notes payable (due in 13 to 24 months). Notes payable (due in 6-12 months). Notes payable (mature in five years). Current portion of long-term debt. Notes payable (due in 120 days). FUTA taxes payable. Accounts receivable. Sales taxes payable. Salaries payable. Wages payable. #2: Sylvester Systems borrows $110,000 cash on May 15, 2015, by signing a 60-day, 12% note. Directions: Answer the following questions: 1. On what date does this note mature? 2: Suppose the face value of the note equals $110,000, the principal of the loan. Complete the journal entries to record (a) issuance of the note and (b) payment of the note at maturity. Directions: Using the information in 2 above, enter the dollar amount for both the debit and credit sides on each journal entry. (don't forget the description for each entry.) Debit a: Credit 15-May Cash Notes Payable b: #3 14-Jul Interest Expense Notes Payable Cash Keesha Co. borrows $200,000 cash on November 1, 2015, by signing a 90-day, 9% note with a face value o Complete the journal entries below to record: (Don't forget your descriptions for the entries) (a) issuance of the note Debit Nov. 1 Credit Cash Notes Payable (b) accrual of interest at the end of 2015 Dec. 31, Interest Expense Interest Payable (c) payment of the note at maturity. Jan. 30 #4 Interest Expense Interest Payable Notes Payable Cash Prepare any necessary adjusting entries at December 31, 2015, for Melbourne Company's year-end financia for each of the following separate transactions and events. If no entry is required, reply \"No entry necessa 1. Melbourne Company guarantees the $100,000 debt of a supplier. The supplier will probably no 2. A disgruntled employee is suing Melbourne Company. Legal advisers believe that the compan need to pay damages, but the amount cannot be reasonably estimated. t and upload it to Blackboard under the Week 6 Activity. o-month operating cycle. Identify the proper classification of each item as follows: ty, L if it is a long-term liability, or N if it is not a liability 60-day, 12% note. 0-day, 9% note with a face value of $200,000. s for the entries) urne Company's year-end financial statements required, reply \"No entry necessary\" and explain. plier. The supplier will probably not default on the debt. advisers believe that the company will probably ly estimated