Capital is also the net asset. This value is the closing capital amount. Just below, there should be a the (Owner's) Equity section where you can find the opening capital value and at the end you can...
An account is a record that represents a single thing to the company. Balance sheets represent multiple accounts. Accounts can at one time only be either a debit or a credit. A balance sheet is a...
In short, correct it. How did you get a credit balance in A/R? If customers overpaid their bills, you should set up a liability account called Refunds Due and move the balance there. If the payments...