Question: Brief Exercise 10-13 Presented here are liability items for Splish Brothers Inc. at December 31, 2017. Accounts payable $306,150 FICA taxes payable $15,210 Notes payable

Brief Exercise 10-13

Presented here are liability items for Splish Brothers Inc. at December 31, 2017.

Accounts payable $306,150 FICA taxes payable $15,210
Notes payable (due May 1, 2018) 39,000 Interest payable 78,000
Bonds payable (due 2021) 1,755,000 Notes payable (due 2019) 156,000
Unearned rent revenue 468,000 Income taxes payable 6,825
Discount on bonds payable 79,950 Sales taxes payable 3,315

Prepare the liabilities section of Splish Brothers's balance sheet.

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