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 (due 2019) $80,000
• Income taxes payable $3,500
• Sales taxes payable $1,700

Name Section Date Chapter 10 Brief Exercise BE10-13 O'BRIAN INC. Balance Sheet (Partial) December 31, 2017 548 apter 10 Brief Exercise 548 \f2 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 Content Met Partially Met Not Met Total Available Total Earned 7 #/7 7 #/7 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 (due 2019) $80,000 Income taxes payable $3,500 Sales taxes payable $1,700 Showed all work and submitted an Excel Workbook file. Assignment Total Additional comments: # Comments