The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. Equity includes the ending capital balance from the Statement of Owner's Equity. Stam Consulting Company Balance Sheet Cash Accounts receivable Office supplies Prepaid insurance Prepaid rent Office equipment Total assets April 30 Assets Liabilities Accounts payable Total liabilities J. Stam, Capital Total equity Total liabilities and equity Equity The balance in Stam's capital account comes from the: + t t t + " S 100,420 11,400 7,600 6,480 19,200 44,200 189,300 2,300 2,300 187,000 187,000 $ 189,300 < Prev 1 of 1 Next