please i need help in calculating current liabilities....

Project Description:

the following transactions of pan-american paper company occurred during 2006 and 2007.
2006 feb. 3 purchased equipment for $40,000, signing a six-month, 9% note payable. 28 recorded the week's sales of $60,000, one-third for cash, and two-thirds on credit. all sales amounts are subject to a 5% sales tax. mar. 7 sent last week's sales tax to the state. apr. 30 borrowed $100,000 on a long-term, 9% note payable that calls for annual payment of interest each april 30. tug. 3 paid the six-month, 9% note at maturity. nov. 30 purchased inventory at a cost of $7,000, signing a three-month, 6% note payable for that amount. dec. 31 accrued warranty expense, which is estimated at 3% of sales of $200,000. 31 accrued interest on all outstanding notes payable. make a separate interest accrual entry for each note payable.
2007 feb. 28 paid off the 6% inventory note, plus interest, at maturity. apr. 30 paid the interest for one year on the long-term note payable.
record the transactions in pan american's general journal. explanations are not required.
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