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    shortytg2002's Avatar
    shortytg2002 Posts: 1, Reputation: 1
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    #1

    Dec 16, 2008, 12:38 PM
    Classifed Balance Sheets
    I know that the following are considered liabilities, but I am wanting to make sure that I have this right.

    Accounts Payable
    Interest Payable
    Long-term Notes Payable
    Capital

    Also, how would owner's withdrawals be listed on the balance sheet if they are even listed on there.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 18, 2008, 07:09 AM

    Accounts Payable and Interest Payable are Current Liabilities

    Long-Term Notes Payable is a Long-term Liability (Except the Current portion due which is a Current Liability)

    Capital is Owners' Equity
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