QUESTION 5 When preparing the balance sheet for Inc. for December 31, 2015, which item would not be classified as a current liability A Accounts payable B Income taxes due on September 15, 2016 c. None of the above Note payable due March 1, 2017 E The current portion of a 30-year mortgage QUESTION 6 A company typically records the amount owed to suppliers for goods or services when verbal commitment to purchase the goods or services has first been made B. they are ordered c payment is made the goods or services are received. None of the above. The maturity date of a 180-day note dated August 15, 2021, is: (REMEMBER: 30 days as Sept, April, June & Nov, ALL the Rest have 31, except for Feb) Month Days O A February 10, 2022 OB. February 13, 2022 c. February 11, 2022 OD. February 15, 2022 E. February 12, 2022 UESTION 8 3.333 If a company's gross salaries and wages are $12.000, and it withholds $1,800 for income taxes and $800 for FICA taxes, the journal entry to record the employees' pay should include a: A debit to Salaries and Wages Expense for $9.400. B. debit to Salaries and Wages Payable for $9,400. c credit to Salaries and Wages Payable for $9.400. D credit to Salaries and Wages Payable for $12,000. E. None of the above. QUESTION 9 3.3333 Which of the following must be paid by both the employee and the employer? A FICA taxes B. State unemployment tax c None of the above D. Federal unemployment tax E State withholding tax