Account

Registers

Instructions: Step $1-$ Enter the following transactions on the Account Registers below. Step $2-$ Complete the Financial Statements to the right by selecting the appropriate account from the Drop$-$down list and entering the correct Balance. NOTE: You should only type in the Blue boxes.

You make a credit card payment of $$350$ from your Cash account $($Provided as an example on the template$).$

You borrow $$35,000$ from your bank to buy a car.

You receive your salary of $$900$ for the week, and your employer pays you in cash.

You withdraw $$1250$ from your "Cash" account to pay for your monthly rent expense.

You win $$5,000$ cash in the lottery! You deposit this money in your "Cash" account. HINT Lottery winnings are Income.

You make your first car payment of $$450,$ and you pay with a direct withdrawal from your "Cash" account.

$\backslash$table$[[$Purrent Asset$-$ Rash$],[$fi$,$Increase Decrease,$],[$Beg$.$ Bal,$$2,300,],[,,],[,,],[,,],[,,],[,,],[,,]]$

$\backslash$table$[[$Lontederm Lifabilitu$-$Lnan$],[,$Increase,Decrease$],[$Beg$.$ Bal.,$$0,],[,,],[$Balance$,-,10]]$

$\backslash$table$[[$Lnng$-$term Asset$-$Car,$],[$#$,$Increase Decrease,,$],[$Beg Bal,$$0,,],[,,,],[,,,],[$Balance$,$$$0$