Accounting Net Worth

Part I Net Worth Dana Shukrun had the following assets and liabilities as of December 1, 2018 Liabilities Cash Automobile Assets $6,300 $14,200 $172,000 $7,700 $3,600 House Contents of Home Prepaid Insurance Unpaid Accounts Credit Card Mortgage Total $1,600 $2,000 $120,000 $123,600 $203,800 a) What is Dana's opening net worth on December 1st? b) The following activities occurred during the month of December Paid $1,700 against the principle portion of credit card debt. Received $2,700 in salary. Paid $880 cash towards unpaid accounts Paid $580 cash for expenses Charged $830 in various expenses to the credit card. Recognized prepaid insurance for one month worth $300 Received a $670 cash gift from the family. What is Dana's closing net worth after recording the above transactions