Question 2 Current liabilities are those liabilities that will be paid within the next year. related to payment for current assets. that will be paid after the next year. related to payment from quick assets, e.g.cash or cash equivalents. Question 3 2.5 pts The adjusting entry to record the earning of unearned revenues at the end of the year? Debit, Unearned Revenues, credit, Cash Debit, Unearned Revenues, credit, Earned Revenues Debit Cash, credit, Unearned Revenues Debit. Earned Revenues, credit, Unearned Revenues Question 4 The payment on a note is recorded, by the maker or payer, as a debit, Cash; credit, Notes Payable; credit, Interest Expense. debit, Cash; credit, Notes Receivable; credit, Interest Income. debit, Notes Receivable; debit, Interest Income; credit, Cash. debit, Notes Payable; debit, Interest Expense; credit, Cash