This essay must include an introduction, body, and conclusion, and address all relevant parts of each question. The response should be 400 to 500 words in length. Make sure to use APA format to cite any references you use. APA citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number. Both APA In-text citation and APA references page are required.
Requirements-
Liabilities: Explain the concepts of current and long-term liabilities and give a total of at least five examples of both current and long-term liabilities consisting of the definition and an example transaction to record the journal entries.