Please make sure your results are correct, and also explain along the way how you get to each result, so i can do it myself again.

b) eport the current liabilities from text below: Account for note payable: LetsDo Authority purchased inventory costing S10.000 by signing a 10% short-term note payable. The purchase occurred on September 30, 20x5. LetsDo pays annual interest each year on September 30. Record the company's: I. Purchase of inventory II. Accrual of interest on June 30, 20x6, which is the end year III. Payment of note plus interest on September 30, 20x6. Show the balance sheet at June 30, 20x6 Account warranty and provision: LetsDo provide a guarantee against defects for two years. Assume that LetsDo made a sale of S500.000 during 20x5. LetsDo expects warranty costs during the two year will add up to $25.000. LetsDo received cash for 40 of the sale and took notes receivable for the remainder. Payments to satisfy customers warranty claims totalled $15.000 during 20x5 I. Record the sales, warranty expenses and warranty payment. II. Post the provision for Warranty Repairs T-account. The beginning balance was $10.000. III. At the end of 20x5, how much in provision for warranty repairs does LetsDo owe to its customer