Q2 - Saad Company has the following obligations at December 31: (a). A note payable for $10,000 due in 18 months; (b). Unearned revenue of $12,500; (e). Interest payable of $15,000; (d). Accounts payable of $60,000; (e). Note payable due in three months. Required: For each obligation, indicate whether it should be classified as a current liability. (Assume an operating cycle of less than one year.) Q 3 - Consider the following situations pertaining to cash sales: (1). Shamsa Company rings up sales and sales taxes separately on its cash register. On March 11, the register totals are sales $30,000 and sales taxes $2,000. (2). Obaid Company does not segregate sales and sales taxes. Its register total for March 26 is $20,330, which includes a 7 percent sales tax. Instructions Prepare the entry to record the sales transactions and related taxes for each company. (2). Obaid Company does not segregate sales and sales taxes. Its register total for March 26 is $20,330, which includes a 7 percent sales tax. Instructions Prepare the entry to record the sales transactions and related taxes for each company