I tried to attach the trial balance information.







ASSETS
Current assets
Cash 197,000
Accounts Receivable 435,000
Less: allowance for doubtful accounts 25,000 410,000
Trading securities (at cost, $145,000) 153,000
Inventories 597,000
Total current assets 1,357,000
Long- term investments
Bonds 299,000
Stocks 277,000
Total long-term investments 576,000
Property, plant, and equipment
Building 1,040,000
Less: accumulated depreciation 152,000
888,000
Equipment 600,000
Less: accumulated depreciation 60,000
540,000
Land 260,000
Total property, plant and equipment 1,688,000

Intangible assets
Patent 195,000
Franchise 160,000
Total intangible assets 355,000
Total assets 3,976,000


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Short-term notes payable 90,000
Accounts Payable 455,000
Bonds payable 1,000,000
Dividends payable 136,000
Accrued liabilities 96,000
Total current liabilities 1,777,000

Long-term liabilities
Long-term notes payable 900,000

Stockholders' equity
Common stock, $5.00 par 1,000,000
Less: treasurey stock 191,000 809,000
Additional paid-in capital 80,000
Retained earnings 78,000
Total stockholders' equity 967,000
Total liabilities and stockholders' equity 3,644,000

I looked through the trial balance and I noticed that the common stock and bonds are in the assets section. They are not assets they are equity accounts with a credit balance. Do you think maybe that's part of the question.. you have to figure out why it's not balancing?

Learning that common stock is not an asset is very basic and should have been learned early on in accounting. Maybe you need to go back to the basics of accounting and do some more practice with debits and credits

Momomsunrise - there isn't any way to know why you don't balance without having the original information. We can tell if certain things are wrong with what you did, but as a general rule, we aren't going to know everything because we don't know if you missed something, copied a number wrong, etc. without seeing the original info.

What I can tell you (which won't change your totals):
One, bonds payable is long-term unless it's due within the next year. If you don't have any info stating otherwise, then assume it's long-term.
You should include a "total liabilities" and add the current and long-term together.
Were you taught to subtract treasury stock straight from the common stock account? I've never seen that, and it's usually subtracted very last thing, underneath the retained earnings.

But none of that stuff has anything to do with you being out of balance.