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Updated: 2/18/2020
Unknown Story
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Storyboard Text

  • I need to figure out how to create a balance sheet so everything is equal on both sides of the sheet.
  • Hey i'm Brain I know how to create a good balance sheet if you want we can go somewhere to talk about it
  • The problem with my balance sheet is that I can't get my assets to equal my liabilities and my owner's equity
  • Well to have a good balance sheet you must not add any of your personal items on it if it's for your business
  • Why not? It's everything i own and everything for the business
  • Because it's called business entity
  • Wow i never knew that, so I can't add my house mortgage or my own personal car on there?
  • No, you can't just create a different balance sheet for yourself.
  • Okay, that makes more sense to why nothing would be equal
  • Yes that is why it wasn't equal on both sides.
  • Well, thank you very much Brain for all of your help
  • Of course I'm glad you finally get a better understanding of it
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