(Learning Objective 1: Measuring current liabilities) Goldwater Corporation experienced these 5 events during the current year:

a. December sales totaled $50,000, and Goldwater collected an additional state sales tax of 6%. This amount will be sent to the state of Indiana early in January.

b. On November 30, Goldwater received rent of $6,000 in advance for a lease on unused store space. This rent will be earned evenly over 3 months.

c. On September 30, Goldwater signed a 6-month, 9% note payable to purchase store fixtures costing $12,000. The note requires payment of principal and interest at maturity.

d. Sales of $400,000 were covered by Goldwater’s product warranty. At January 1, estimated warranty payable was $12,400. During the year, Goldwater recorded warranty expense of $22,300 and paid warranty claims of $24,600.

e. Goldwater owes $100,000 on a long-term note payable. At December 31, 6% interest since July 31 and $20,000 of this principal are payable within 1 year.

Required

For each item, indicate the account and the related amount to be reported as a current liability on the Goldwater Corporation balance sheet at December 31.