1. Akira borrowed $4,800 from the bank.

Opening Balances

Assets		Liabilities
Cash	$4,900	Unpaid Accounts	$1,900
Investment	$8,600	Bank Loan	$2,000
Contents of Home	$5,500	Car Loan	$4,300
Car	$21,000	Student Loan	$5,700
House	$83,100	Mortgage	$50,400
		Total Liabilities	$64,300
		Net Worth	$58,800
Total Assets	$123,100	Liabilities + Net Worth	$123,100

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Investment	Answer	Bank Loan	Answer
Contents of Home	Answer	Car Loan	Answer
Car	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

2. Indira purchased $3,400 worth of investments in cash.

Opening Balances

Assets		Liabilities
Cash	$6,500	Unpaid Accounts	$2,100
Investment	$7,500	Bank Loan	$2,000
Contents of Home	$5,500	Car Loan	$5,900
Car	$22,700	Student Loan	$6,100
House	$70,100	Mortgage	$44,000
		Total Liabilities	$60,100
		Net Worth	$52,200
Total Assets	$112,300	Liabilities + Net Worth	$112,300

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Investment	Answer	Bank Loan	Answer
Contents of Home	Answer	Car Loan	Answer
Car	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

3. Lloyd paid $600 to reduce an outstanding car loan (principal portion).

Opening Balances

Assets		Liabilities
Cash	$4,300	Unpaid Accounts	$2,500
Contents of Home	$5,500	Bank Loan	$1,300
Car	$23,400	Car Loan	$4,900
House	$181,300	Student Loan	$6,500
		Mortgage	$52,100
		Total Liabilities	$67,300
		Net Worth	$147,200
Total Assets	$214,500	Liabilities + Net Worth	$214,500

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Contents of Home	Answer	Bank Loan	Answer
Car	Answer	Car Loan	Answer
House	Answer	Student Loan	Answer
		Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

4. Daniella bought a boat for $8,800. She paid a $1,800 deposit with cash and borrowed $7,000 from the bank.

Opening Balances

Assets		Liabilities
Cash	$5,900	Unpaid Accounts	$2,200
Boat	$0	Bank Loan	$1,100
Contents of Home	$6,400	Student Loan	$6,700
Car	$17,800	Mortgage	$53,700
House	$174,100	Total Liabilities	$63,700
		Net Worth	$140,500
Total Assets	$204,200	Liabilities + Net Worth	$204,200

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Boat	Answer	Bank Loan	Answer
Contents of Home	Answer	Student Loan	Answer
Car	Answer	Mortgage	Answer
House	Answer	Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer