Short-term versus Long-term Liabilities. In the shaded cells below, indicate whether the following liabilites should be classified as short-term or long-term.
Notes Payable - not due for three years
Salaries Payable
Accounts Payable
Sales Tax Payable
Wages Payable
Notes Payable - the portion of a five year note, due within the next 12 months
Notes Payable - the portion of a five year note, due after the next 12 months
FICA Taxes Payable
Unearned Revenue for a job that will ship next month
Accrued Expenses for this month's utility bill
Interest Payable
Notes Payable - due in six months