Thanks for explaining it well. I was caught up in the parent post's example and tried to equate it with the equation given in it. How would the parent's example

Thanks for explaining it well. I was caught up in the parent post's example and tried to equate it with the equation given in it. How would the parent's example look like in balance sheet? I looked at small business example given in wikipedia, but failed at writing down parents example into assets and liabilities balance sheet. (https://en.wikipedia.org/wiki/Balance_sheet https://en.wikipedia.org/wiki/Balance_sheet).