Current Attempt in Progress Presented here are liability items for O'Brian Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $157,000 20,000 900,000 240,000 41,000 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable Prepare the liabilities section of O'Brian's balance sheet. $7,800 40,000 80,000 3,500 1,700 O'BRIAN INC. Balance Sheet (Partial) SA

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented here are liability items for O'Brian Inc. at December 31, 2022.
Accounts payable
Notes payable (due May 1, 2023)
Bonds payable (due 2026)
Unearned rent revenue
Discount on bonds payable
$157,000
20,000
900,000
240,000
41,000
FICA taxes payable
Interest payable
Notes payable (due 2024)
Income taxes payable
Sales taxes payable
Prepare the liabilities section of O'Brian's balance sheet.
$7,800
40,000
80,000
3,500
1,700
O'BRIAN INC.
Balance Sheet (Partial)
GA
Transcribed Image Text:Current Attempt in Progress Presented here are liability items for O'Brian Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $157,000 20,000 900,000 240,000 41,000 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable Prepare the liabilities section of O'Brian's balance sheet. $7,800 40,000 80,000 3,500 1,700 O'BRIAN INC. Balance Sheet (Partial) GA
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