Accumulated depreciation Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, $1 par, 100,000 shares outstanding Inventory Preferred stock, $59 par, 1,000 shares outstanding Marketable securities Investments Notes payable Capital paid in excess of par (common stock) Current Assets: Net accounts receivable Total current assets Other Assets: Fixed assets: Net plant and equipment Total assets Assets $382,000 105,000 18,000 167,000 52,000 731,000 39,000 11,000 100,000 67,000 59,000 27,000 22,000 40,000 94,000 Balance Sheet Liabilities and Stockholders' Equity Current Liabilities: Total current liabilities Long-term liabilities Total liabilities Stockholders' Equity: Total stockholders' equity Total liabilities and stockholders' equity

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.