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Amount Assets Current assets Cash Accounts receivable Inventory Sundry debtors Total current assets Balance sheet Amount Liabilities and owners equity Current liabilities 100 Accounts payable
Amount Assets Current assets Cash Accounts receivable Inventory Sundry debtors Total current assets Balance sheet Amount Liabilities and owners equity Current liabilities 100 Accounts payable 120 Accrued expenses 130 Short-term debt 250 Total current liabilities 600 Long-term liabilities 300 200 100 600 1400 1400 Fixed assets Land Building (net) Equipment (net) Other long-term assets Total fixed assets Total assets 1500 800 700 400 3400 4000 Long-term debt Total long-term liabilities Owners' equity Capital stock Retained earnings Total owners equity Total liabilities and owners' equity 1600 400 2000 4000
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