Thank you all for your replies.

The discussion we’ve had over the last few days has cleared up questions and doubts I’ve had for a long time.

I’ve decided to post long open trades and long pending trades in the Assets section of the Balance Sheet and short open trades and short pending trades in the Liabilities section. Positive numbers will be used for both Assets and Liabilities.

The “Cash and Cash Investments” account (Type: Bank) will be used as the other side of all open and pending trade transactions.

The IRS only requires pending trades to be shown on the December Balance Sheet. It is optional for the other eleven months.

Thank you for your help,

Steve