How do you compute

1. Current assets.
2. Long-term assets.
3. Current liabilities.
4. Long-term liabilities.
5. Stockholders' equity.
In my balance shee I have four entries. Land, Cash, Building, Accounts payable, Notes Payable (short terms) and equipment, capital stock, retained earnings, supplies, accounts receivable.

Current assets are cash, accounts receivableand equipment. Current liabilities are accounts payable , mortgage payable and notes payable. Long term liabilities, land, building, and stock holders' equity as capital stock. Do I add each category separately.

CaptainForest

The accounts you have are:
Land
Cash
Building
Accounts payable
Notes Payable (short terms)
equipment,
capital stock
retained earnings
supplies
accounts receivable

1. Current assets. = Cash + Supplies + Accounts Receivable
2. Long-term assets. = Land + Building + Equipment
3. Current liabilities. = Accounts Payable + Notes Payable (short terms)
4. Long-term liabilities. = None
5. Stockholders' equity. = Capital Stock + Retained Earnings

platto

total current liabilities

platto

how do you compute total current liabilities

afine

current liabilities= notes payable+ accounts payable + allowances for returns + salaries and commissions payable + taxes payable + other current liabilities.