Instruction
Complete Excel sheet below!
-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 below