Editing Balance sheet (section)

===US small business===
{| class="wikitable" style="float: right; width: auto; margin-left: 0.75em;"
|+ Sample Small Business Balance Sheet<ref>Williams, p. 50.</ref>
|-
! colspan="2" style="text-align: left" | [[Asset]]s (current)
! colspan="3" style="text-align: left" | Liabilities and Owners' Equity
|-
| style="border-right-style: none" | Cash
| style="text-align:right; border-left-style:none;" | $6,600
! colspan="3" style="text-align: left" | ''Liabilities''
|-
| style="border-right-style: none" | Accounts Receivable
| style="text-align:right; border-left-style:none;"| $6,200
| style="border-right-style: none" | [[Promissory note|Notes Payable]]
| style="text-align:right; border-style:none;"| $5,000
| style="border-left-style: none" | 
|-
! colspan="2" style="text-align: left" | Assets (fixed)
| style="border-right-style: none" | Accounts Payable
| style="border-left-style: none; border-right-style: none; | $25,000
| style="border-left-style: none" | 
|-
| style="border-right-style: none" | Tools and equipment
| style="text-align:right; border-left-style:none;" | $25,000
| colspan="2"  style="text-indent: 1.5em; border-right-style:none;" | ''Total liabilities''
| style="text-align:right; border-left-style:none;" | $30,000
|-
| colspan="2" | 
! colspan="3" style="text-align: left" | ''Owners' equity''
|-
| colspan="2" | 
| style="border-right-style: none" | Capital Stock
| style="text-align:right; border-style:solid none;" | $7,000
| style="border-left-style: none" | 
|-
| colspan="2" | 
| style="border-right-style: none" | Retained Earnings
| style="text-align:right; border-style:none;" | $800
| style="border-left-style: none" | 
|-
| colspan="2" | 
| colspan="2" style="text-indent: 1.5em; border-right-style:none;" | ''Total owners' equity''
| style="text-align:right; border-left-style:none;" | $7,800
|-
| style="border-right-style: none" | ''Total''
| style="text-align:right; border-left-style:none;" | '''$37,800'''
| colspan="2" style="border-right-style: none" | ''Total''
| style="text-align:right; border-left-style:none;" | '''$37,800'''
|}

A small business balance sheet lists current assets such as cash, [[accounts receivable]], and [[inventory]], fixed assets such as land, buildings, and equipment, [[intangible asset]]s such as [[patent]]s, and liabilities such as [[accounts payable]], accrued expenses, and long-term debt. [[Contingent liabilities]] such as [[warranties]] are noted in the footnotes to the balance sheet. The small business's equity is the difference between total assets and total liabilities.<ref>{{cite web|url=https://www.sba.gov/content/financial-statements|publisher=U.S. Small Business Administration|title=Get more funding|work=Business Guide|access-date=2022-07-15}}</ref>