Question: JT Engineering currently has two debex a $ 9 , 0 0 0 debt due in 9 months and a $ 7 , 0 0

JT Engineering currently has two debex a $9,000 debt due in 9 months and a $7,000 debe due in 14 months. prepares achasitied balance sheet and has an operating cycle of less than one year. How should these debla be classified?
All $16,000 in debt should be classified as current liabilities.
All $16000 indubt show be classibel as long term labilities.
The $9,000 should ter classified as a current lability, and the $7,000 shodi be danilled as a lorg term liabily:
JT Engineering currently has two debex a $ 9 , 0

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