Prepare the liabilities section of O Brians balance sheet

Assignment Help Accounting Basics

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

Questions Cloud

Describe the underlying principles of eriksons theory : Describe the underlying principles of Erikson's theory. Describe each stage of Erikson's theory. Include in your description of each stage an analysis of a character that best represents that stage of life.

Europe under the rule of the charlemagne : How did the Europe under the rule of the Charlemagne different from the Europe during the time of Constantine, and what did the title of "emperor" mean during each period?

Assassination of archduke francis ferdin : How was it that the assassination of Archduke Francis Ferdin and in a remote area of the Balkans could send the European powers to war during the summer of 1914? Discuss the short-term and long-term causes of World War One.

Discuss why proper decontamination of victims is important : For this assignment, you are required to read the article entitled "HazMat Emergencies: Decontamination and Victim Chain of Survival," by Gunderson, Helikson, and Heffner (2014), and write a review.

Prepare the liabilities section of O Brians balance sheet : 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 and Bonds payable (due 2021) $900,000

What is the difference between self-interest and selfishness : Why are observation and prediction more difficult in economics than in chemistry? Why do economists look at group behavior rather than individual behavior?

What could happen if ph lowers in the worlds oceans : In summer 2015, the United States Geological Survey Arctic Ocean Acidification team boarded the R/V Atlantis to study water parameters in the Davis Strait. Visit the website linked below and answer the following questions in complete sentences. ..

Major changes in fashion during the great depression : What were the major changes in fashion during the Great Depression? Why did these changes take place, and how did they affect the fashion (couture) houses? How did designers of this time period deal with and adapt to these changes?

Changes in fashion during the great depression : What were the major changes in fashion during the Great Depression? Why did these changes take place, and how did they affect the fashion (couture) houses? How did designers of this time period deal with and adapt to these changes?

Reviews

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.

Write a Review

Required(*) Message

User Account

All Pages