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