Provide an analysis of liabilities

Assignment Help Accounting Basics

Reference no: EM131422842

The assignment states the following:

The Liabilities Section of O'Brian's balance sheet must be 525 words.

O'BRIAN INC.
Balance Sheet (Partial)
December 31, 2017
Liabilities
Current Liabilities:
Accounts Payable	157,000
Sales Taxes Payable	1,700
Unearned Rent Revenue	240,000
Income Taxes Payable	3,500
FICA Taxes Payable	7,800
Total Current Liabilities		410,000

Long Term Liabilities:
Notes Payable	20,000
Interest Payable	80,000
Bonds Payable	900,000
Less: Discount on Bonds Payable	-41,000
Total Long Term Liabilities		959,000

Total Liabilities		1,369,000

What this was intended to say was that you should provide an analysis of liabilities, and that analysis / discussion should be at a minimum of 525 words. I only need the 525 words.

Attachment:- Liabilities.xlsx

Reference no: EM131422842

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len1422842

3/10/2017 7:54:51 AM

The assignment states the following: The Liabilities Section of O'Brian's balance sheet must be 525 words. What this was intended to say was that you should provide an analysis of liabilities, and that analysis / discussion should be at a minimum of 525 words. I only need the 525 words.

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