Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 20x6. (Type your answers in order in capital letters. For example: NNCLDLC)

Reporting method: N (Not Reported), C (Current Liability), L (Long-term Liability), D (Disclosure note only)

1. Customer advances

2. Non-committed line of credit (A line of credit that has not yet be borrowed against)

3. Commercial paper

4. Note due June 9, 20x7

5. Accounts payable

6. Interest accrued on note, December 31, 20x6

7. Short-term bank loan to be paid with proceeds of sale of common stock