Prepare the liabilities section of O Brians balance sheet

Reference no: EM131442682

Purpose of Assignment -

The purpose of this assignment is to help you understand the balance sheet presentation for the liabilities of a company.

Assignment Steps - Resources: Financial Accounting: Tools for Business Decision Making

Prepare the liabilities section of O'Brian's balance sheet using the following information:

Accounts payable $157,000
Notes payable (due May 1, 2018) $20,000
Bonds payable (due 2021) $900,000
Unearned rent revenue $240,000
Discount on bonds payable $41,000
FICA taxes payable $7,800
Interest payable $40,000
Notes payable (due 2019) $80,000
Income taxes payable $3,500
Sales taxes payable $1,700

The Liabilities Section of O'Brian's balance sheet must be 525 words.

Attachment:- Assignment.rar

Reference no: EM131442682

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len1442682

3/28/2017 3:04:06 AM

Show work on the Week 3 Excel spreadsheet. The purpose of this assignment is to help you understand the balance sheet presentation for the liabilities of a company. Note: This assignment requires that you only submit an Excel Workbook file. There are no written or APA guideline requirements.

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