The Liabilities Section of O’Brian’s Balance Sheet
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ACC291_r6_The_Liabilities_Section_of_OBrians_Balance_Sheet_grading_guide_week3.doc|
The Liabilities Section of O’Brian’s Balance Sheet Grading Guide ACC/291 Version 6 |
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The Liabilities Section of O’Brian’s Balance Sheet Grading Guide
ACC/291 Version 6
Principles of Accounting II
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Individual Assignment: 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.
Resources Required
Financial Accounting: Tools for Business Decision Making
Grading Guide
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Prepared the liabilities section of O’Brian’s balance sheet using the following information: · Accounts payable $157,000 · Notes payable $20,000 (due May 1, 2018) · Bonds payable (due 2021) $900,00 · 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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Showed all work and submitted an Excel® Workbook file.
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Total Available |
Total Earned |
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7 |
#/7 |
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Assignment Total |
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7 |
#/7 |
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Additional comments:
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