Description Purpose of Assignment The purpose of this assignment is to help you understand the balance sheet presentation
Description 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 (due May 1, 2018) $40,000 Notes payable (due 2019) $80,000 Income taxes payable $3,500 Sales taxes payable $1,700 Show work on the Week 3 Excel® spreadsheet. Note: This assignment requires that you only submit an Excel® Workbook file. There are no written or APA guideline requirements.
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