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Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as current or long term liability on the balance sheet

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Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as current or long term liability on the balance sheet of Anchor, Inc. at December 31: Anchor's general ledger shows a credit balance of $125,000 in tony Term Notes Payable. Of the amount, a $25,000 installment becomes due on June 30 of the following year, b. Anchor estimates its unpaid income tax liability for the current year is 534,000, plans to pay this amount in March of the following year: con December 31, Archior received a $15,000 invoice for merchandise shipped on December 28. The merchandise has not yet been received The merchandise was shipped FOB shipping point d. During the year, Anchor collected 10,500 of state sales tax. At year-end, it has not yet remited 51400 of these taves to the state department of revenue e. On December 31, Anchor's bank approved a 55,000, 90 day loan. Anchor plans to sign the note and receive the money on January 2 of the following year. Current Liability Long-Term Liability 05 0 Balance in conform Notes Payable Unpaid come to Merchandeshed on Shipping on d. Salusta conced Bank OOOO

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