Assets Accounts receivable Cash Merchandise inventory Land Equipment X Total current assets 0 Less Accumulated depreciation Total assets 0 Liabilities Insurance expense 0 Accounts payable Long-term debt X Long-term debt Total liabilities 0 Stockholders' Equity Common stock Premium on bonds payable Serial bonds payable Land Equipment X Total current assets 0 Less Accumulated depreciation Total assets 0 Liabilities Insurance expense Accounts payable Long-term debt Long-term debt 0 Total liabilities Stockholders' Equity Common stock 885 Premium on bonds payable Serial bonds payable Retained earnings 0 Total stockholders equity Total liabilities and stockholders' equity $ 0 PER 4 of 4 PER 4 of 4