2-3 Liabilities and Equity 2001 2000 Accts payable 524.160145600 Notes payable 720.000200,000 Accruals 489600136000 Total CL 3733760481,600 Long-term debt 1,000,000 323, 432 Common stock 460,000460,000 Retained earnings )203768 Total equity 13283266376 Total l&E 2866592 680 Copy right C 2002 by Harcourt, Inc. All rights reserved2 - 3 Copyright © 2002 by Harcourt, Inc. All rights reserved. 1,733,760 Liabilities and Equity 2001 2000 Accts payable 524,160 145,600 Notes payable 720,000 200,000 Accruals 489,600 136,000 Total CL 481,600 Long-term debt 1,000,000 323,432 Common stock 460,000 460,000 Retained earnings (327,168) 203,768 Total equity 132,832 663,768 Total L&E 2,866,592 1,468,800