Chanda Eplode #1... My Courses - cakton.edu Ch 8 Mini Simon Motivat. Do Homework - Ch 15 ML. Accounting Accounting and Accounting Information MY PROGRESS - 23% bil Decision Point: The Balance Sheet: Liabilities You explain to Alex that the second part of the balance sheet lists his liabilities -- amounts that the restaurant owes to other parties. After some digging, Alex puts together a list of what he owes Amount $14,344 Alex's Ristorante Balance Sheet Liability Accounts payable Sales and liquor tax payable Mortgage on building Payroll taxes payable Note payable (due in November) $8,200 $55,300 $15,600 $27,500 You look over the list and tell Alex, "Now we're going to separate these liabilities into two categories -- current liabilities, which need to be paid within a year, and long-term liabilities." Drag each of the liabilities listed into the correct category in the liabilitles section of Alex's Ristorante's balance sheet. Alex's Ristorante Balance Sheet Current Liabilities Long-Term Liabilities