ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet | eBooks | Education

ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet

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ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet

http://issuu.com/lucky269/docs/uoptutorial.docx

 

ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet

 

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.

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. 

Click the Assignment Files tab to submit your assignment.

ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet http://issuu.com/lucky269/docs/uoptutorial.docx ACC 291 Week 3 The Liabilities Section of O’Brian’s Balance Sheet Purpose of Assignment The purpose of
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