Purpose of Assignment The purpose of this assignment is to help you understand

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??

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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