U8/2019) AC 1011-S01 / CHAPTER 6- The Accounting Cycle: Statements and Closing Entries Chapter 6 Post-Class H Take me to the text For the following independent transactions, determine the amount of current and lang-term liabilites Do not enter dollar signs or commas in the inout boxes No. Transaction Current Liability Long-Term Liability On January 31, 2019, Giant Flowers borrowed $226,100 from the bank. The 1 226100 entire amount is due on January 30, 2020. MNO Company purchased a small building at a cost of $220,000. The down 2 payment is $90,000. The nemaining balance is payable in 4 years with an annual payment of $32,500, starting next year During September 2019, a business owner obtained an interest-free loan from a financing company. The loan amount was $98,000 The agreed terms 24500 of payment is 4 annual installments of $24,,500 3 A business owner borrowed $16,000 from a close friend for a business 4 expansion. They both signed an agreement that the payment will be made after 5 years. 16000 Check Note: The "check button does not submit your attemptTo submit the atheo oto the end of the quiz and click on the "submit all and fini button tv 6