Current Assets

• Cash on hand
• Petty cash
• Cash in bank
• U.S. treasury notes
• Other Current Assets
• Accounts receivable
• (-) Allowance for Bad Debts
• Trading securities
• Federal income tax refund
• Interest receivable
• Advances to employees
• Advances to salespersons
• Inventory [ending balance]
• Supplies
• Tools
• Prepaid insurance
• Prepaid rent
• Deferred income tax asset (short-term)

Investments

• Bond sinking fund
• Cash surrender value of life insurance
• Land for future plant site
• Investment in available-for-sale securities [long-term]
• Stock of subsidiary corporation
• Preferred stock retirement fund

Property, Plant, and Equipment

• Land
• Buildings
• Equipment
• (-) Accumulated depreciation-buildings
• (-) Accumulated depreciation-equipment

Intangible Assets

• Copyright (net of amortization)
• Goodwill
• Leasehold improvements
• Patents
• Trademarks

Other Assets

• Deferred income tax asset (long-term)
• Long-term advances to officers

Current Liabilities

• Accounts payable
• Dividends distributable
• Notes payable (due in days)
• Mortgage payable (current portion)
• Interest Payable
• FICA taxes payable
• Sales Taxes Payable
• Accrued wages payable
• Sales commissions payable
• Unclaimed payroll checks
• Unearned subscriptions (for months)
• Unearned rent revenue (for months)
• Accrued vacation pay

Long-term Liabilities

• Bonds payable
• Premium on bonds payable
• Mortgage payable (noncurrent)

Other Liabilities

• Pension obligations
• Deferred income tax liability (long-term)
• Long-Term Loans from Officers

Contributed Capital

   Capital Stock

• Common stock (par value)
• Preferred stock (par value)

   Additional Paid-in Capital

• Paid-in capital from common stock
• Paid-in capital from preferred stock

Retained earnings

(-) Treasury stock

Other Comprehensive Income Items

• Foreign currency translation adjustment
• Unrealized holding loss on available-for-sale securities