Question: 1. Definition of Current Liability 2. Recording Note Payable 3. Recording the employee and employer payroll entries 4. Know the difference between market rate

1. Definition of Current Liability 2. Recording Note Payable 3. Recording the

1. Definition of Current Liability 2. Recording Note Payable 3. Recording the employee and employer payroll entries 4. Know the difference between market rate and contractual interest rates 5. Names of Current Liability 6. What is Unearning Revenue? 7. Recording Unearned Revenue 8. Reason why bonds sell for premiums and discounts 9. Recording sales tax 10. Calculating interest 11. Disadvantages of using bonds

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