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please answer both questions and just the answer Question 2 are classified as on the balance sheet. In most cases, liabilities due in less than

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Question 2 are classified as on the balance sheet. In most cases, liabilities due in less than A one year, long term liabilities B two years, current liabilities c one year, current liabilities D six months, long term liabilities > Moving to another question will save this response. Question 3 Llama Company borrowed $60,000 from Brown Bank and signed a promissory note on January 1. What entry should Llama Company record on January 17 Cash $60,000 A Notes Payable $60,000 Accounts Payable B. Cash $60,000 $60,000 Cash 560,000 Notes Receivable $60,000 $60,000 Notes Payable D. Cash $60,000

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