ASSETS SECTION OF A BALANCE SHEET Lesson 26-3 ASSETS SECTION OF A BALANCE SHEET 1 2 4 3 1. Heading Current Assets 2. Account Balance 3. Contra Account Balance Lesson 26-3, page 669 4. Book Value

LIABILITIES SECTION OF A BALANCE SHEET 1 2 3 1. Heading Current Liabilities 2. Account Title and Amount of Each Current Liability 3. Total Liabilities Lesson 26-3, page 670

STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEET 1 2 3 4 5 1. Heading Stockholders’ Equity 2. Capital Stock 3. Retained Earnings 4. Total Stockholders’ Equity 5. Total Liabilities and Stockholders’ Equity Lesson 26-3, page 671

COMPLETED BALANCE SHEET Lesson 26-3, page 672

        WORKING CAPITAL CURRENT RATIO Total Total Working Current Assets – Current Liabilities = Capital $323,316.00 – $75,365.46 = $247,950.54 CURRENT RATIO     Total Total Current Current Assets ÷ Current Liabilities = Ratio $323,316.00 ÷ $75,365.46 = 4.3 to 1 Lesson 26-3, page 673

TERMS REVIEW long-term liabilities working capital ratio current ratio Lesson 26-3, page 674