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