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Presented here are liability items for Larkspur, Inc. at December 31, 2017. Accounts payable $172,700 FICA taxes payable $8,580 Notes payable (due May 1, 2018)
Presented here are liability items for Larkspur, Inc. at December 31, 2017.
| Accounts payable | $172,700 | FICA taxes payable | $8,580 | |||
| Notes payable (due May 1, 2018) | 22,000 | Interest payable | 44,000 | |||
| Bonds payable (due 2021) | 990,000 | Notes payable (due 2019) | 88,000 | |||
| Unearned rent revenue | 264,000 | Income taxes payable | 3,850 | |||
| Discount on bonds payable | 45,100 | Sales taxes payable | 1,870 |
Prepare the liabilities section of Larkspur's balance sheet.
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