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I am unable to figure out how to determne notes payable for current liabilities vs long term. I keep getting the answer wrong.
Exercise 4-14 The adjusted trial balance for Martell Bowling Alley at December 31, 2017, contains the following accounts Debit Credit Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $127,400 Common Stock $89,400 25,500 43,700 11,500 96,800 17,100 2,700 17,900 14,800 Retained Earnings 4,900 Accumulated Depreciation-Buildings 19,600 Accounts Payable 62,200Notes Payable 65,500 Accumulated Depreciation-Equipment 700 Interest Payable 7,400 Service Revenue 2,100 $304,600 $304,600
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