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.