Indicate How Each of the Following Accounts Would Be Classified

Essay

Indicate how each of the following accounts would be classified on the balance sheet and indicate whether the amount is a known amount or is based upon an estimate.
$$\begin{array} { | l | l | l | l | } \hline \text { Item } & \text { Account } & \begin{array} { l } \text { Current or long- } \\\text { term liability }\end{array} & \begin{array} { l } \text { Known amount } \\\text { or an estimate }\end{array} \\\hline \text { a. } & \text { Salaries payable to employees } & & \\\hline \text { b. } & \text { FICA tax payable } & & \\\hline \text { c. } & \text { Accounts payable } & & \\\hline \text { d. } & \text { Sales tax payable } & & \\\hline \text { e. } & \text { Note payable (due in six months) } & & \\\hline \text { f. } & \text { State unemployment tax payable } & & \\\hline \text { g. } & \text { Federal unemployment tax payable } & & \\\hline \text { h. } & \text { Note payable (due in three years) } & & \\\hline \text { i. } & \begin{array} { l } \text { Unearned rent revenue (to be earned in within } \\\text { six months) }\end{array} & & \\\hline \text { j. } & \begin{array} { l } \text { Contingent liability probable to become an } \\\text { actual liability within six months }\end{array} & & \\\hline \text { k. } & \text { Estimated warranty payable (to expire in three } & & \\\text { months) }\\\hline\end{array}$$