. O O o Chapter 10: LO 1- What is the definition/requirements of a current liability Concepts/JEs involved with Notes Payable At issuance Calculation of amount and JE to accrue interest At maturity/payment Concepts/Jes involved with Sales Tax Payable Calculation of amount when Total Cash Receipts is given -or- when cash register total (excluding sales tax) is given. Company is a 'flow-through' entity-neither an expense or revenue item = LIABILITY Concepts/JEs involved with Unearned Revenue What is recorded when the company receives advance payment How is the satisfaction of the obligation treated Know what the balance in the liability represents at any given date Understand the treatment of Current Maturities of Long-term Debt O O . O O O