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QUESTION

Week 3 Learning Team Collaborative Discussion: Acc II

 How to prepare the liabilities section of O'Brian's Balance Sheet on the attached spreadsheet. 

Write a 175-word individual response.  Using the information below

  • 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 
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