Question: Presented here are liability items for Desmond Inc. at December 31, 2014. Pre-pare the liabilities section of Desmonds balancesheet. 7,800 40,000 80,000 3,500 1,700 Accounts

Presented here are liability items for Desmond Inc. at December 31, 2014. Pre-pare the liabilities section of Desmond€™s balancesheet.

7,800 40,000 80,000 3,500 1,700 Accounts payable Notes payable FICA taxes payable Interest payable Notes payable (due 2016) Income taxes payable Sales taxes payable $157,000 20,000 900,000 240,000 (due May 1, 2015) Bonds payable (due 2018) Unearned rent revenue Discount on bonds payable41,000

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