Prepare the liabilities section of O’Brian’s balance sheet, accounting homework help
Prepare the liabilities section of O’Brian’s balance sheet, accounting homework help.
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.
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Prepare the liabilities section of O’Brian’s balance sheet, accounting homework help
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