Please explain as much as possible while answering these

Explain the term Current Liabilities, the different types of current liabilities and the structure of current liabilities in the balance sheet. Report the current liabilities from text below: Account for note payable: Let's Do Authority purchased inventory costing $10.000 by signing a 10% short-term note payable. The purchase occurred on September 30, 20 x 5. Let's Do pays annual interest each year on September 30. Record the company's: Purchase of inventory. Accrual of interest on June 30, 20x6, which is the end year. Payment of note plus Interest on September 30, 20 x 6. Show the balance sheet at June 30, 20 x 6 Account warranty and provision: Let's Do provide a guarantee against defects for two years. Assume that Let's Do made a sale of $500,000 during 20 x 5. Let's Do expects warranty costs during the two year will add up to $25,000. Let's Do received cash for 40% of the sale and took notes receivable for the remainder. Payments to satisfy customers warranty claims totaled $15,000 during 20 x 5. Record the sales, warranty expenses and warranty payment. Post the provision for Warranty Repairs T-account. The beginning balance was $10,000. At the end of 20x5, how much in provision for warranty repairs does Let's Do owe to its customer