For each item below, identify the amount (if any) that would be reported as a liability on Nike, Inc.'s fiscal year-end balance sheet at May 31, 2017.
a. Nike, Inc. agreed to purchase materials for its new line of running shoes in June 2017.
b. Nike, Inc. signed a 60-day 8% note for $105,000 on May 12, 2017 to finance its seasonal working capital needs. Principal and interest are due on July 11, 2017.
c. Nike, Inc. owes $180,000 at year-end for inventory purchases.
d. Nike, Inc. received a $250,000 deposit from Foot Locker for an order on the new line of running shoes that will be ready for shipment in September 2017.

Question

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The Answer of For each item below, identify the amount (if any) that would be reported as a liability on Nike, Inc.'s fiscal year-end balance sheet at May 31, 2017.
a. Nike, Inc. agreed to purchase materials for its new line of running shoes in June 2017.
b. Nike, Inc. signed a 60-day 8% note for $105,000 on May 12, 2017 to finance its seasonal working capital needs. Principal and interest are due on July 11, 2017.
c. Nike, Inc. owes $180,000 at year-end for inventory purchases.
d. Nike, Inc. received a $250,000 deposit from Foot Locker for an order on the new line of running shoes that will be ready for shipment in September 2017.

For Each Item Below, Identify the Amount (If Any) That