1. 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

2. LIABILITIES SECTION OF A BALANCE SHEET1 2 3
1. Heading Current Liabilities
2. Account Title and Amount of Each Current Liability
3. Total Liabilities
Lesson 26-3, page 670

3. STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEET1 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

4. COMPLETED BALANCE SHEET
Lesson 26-3, page 672

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

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