Balance sheet:
Assets = Liabilities + Owner’s Equity
Cash
Current (short- Accounts
term) Receivable
Assets Inventory
Property, Plant,
Long-term
Equipment (PPE)
Accounts
Payable
Current
Accruals
(short-term)
Notes
Liabilities
Payable
Long-term Bonds
Common
Stocks
Equity
Retained
Earnings
Assets = Liabilities + Owner’s Equity
Cash
Current (short- Accounts
term) Receivable
Assets Inventory
Property, Plant,
Long-term
Equipment (PPE)
Accounts
Payable
Current
Accruals
(short-term)
Notes
Liabilities
Payable
Long-term Bonds
Common
Stocks
Equity
Retained
Earnings