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The following list of items appear on the balance sheet of Crunched Auto Body Repair Shop,...

The following list of items appear on the balance sheet of Crunched Auto Body Repair Shop, which has a 12-month operating cyc

The following list of items appear on the balance sheet of Crunched Auto Body Repair Shop, which has a 12-month operating cycle. Select the proper classification of each item as follows: C if it is a current liability, L if it is a non-current liability, or N if it is not a liability. Classification Item a. Wages payable. | b. Notes payable in 60 days. C. Mortgage payable (payments due in the next 12 months). d. Notes receivable in 90 days. e. Note payable (matures in 5 years). f. Mortgage payable (payments due after the next 12 months). g. Notes payable due in 18 months. Income taxes payable. Estimated warranty liability. j. Allowance for doubtful accounts.
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Classification

Classification Item
a Wages payable C
b Notes payable in 60 days C
c Mortgage payable ( Payments due in the next 12 months) C
d Notes receivable in 90 days N
e Notes payable (matures in 5 years) L
f Mortgage payable (payment due after the next 12 months) L
g Notes payable due in 18 months L
h Income tax payable C
i Estimated warranty liability N
j Allowance for doubtful accounts N
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