The layout of a balance sheet reflects the basic accounting equation: Assets = Liabilities + Owners' Equity. with assets listed on the left side and liabilities and equity detailed on the right. Consistent with the equation, the total dollar amount is always the same for each side. In other words, the left and right sides of a balance sheet are always in balance.
Hurricane Ike was the first hurricane to hit the Houston area since Hurricane Jerry in October of 1989 and the first big hurricane to hit since Hurricane Alicia in 1983. Ike is the hurricane that changed the Saffir-Simpson scale, the scale that rates how strong a hurricane is, as we know it.
The last major category 3 hurricane to hit Houston was Alicia in 1983. That storm developed just south of Louisiana and made landfall in Galveston just three days later with winds over 115 mph, killing 22 people and causing over $2 billion in damage. Hurricane season officially begins June 1.