Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All items are monthly unless otherwise indicated: Carol's Salary $2,000 Auto Loan Payment $262 New Home Cost $100,000 Mastercard Balance $5,000 Int 15% Gas/Heating $100

All items are monthly unless otherwise indicated:

Carol's Salary

$2,000

Auto Loan Payment

$262

New Home Cost

$100,000

Mastercard Balance

$5,000

Int 15%

Gas/Heating

$100

Visa Card Balance

$3,000

Int 15%

Electric

$125

Bloomingdale Card Balance

$1,500

Int 29%

Water

$60

Personal Loan Balance

$5,000

Int 5%, 60 mos

Internet/Cable

$150

MortgageBalance

$95,000

Home Phone

$50

Mortgage Payment

$796

Cell Phone

$200

New Car Cost

$20,000

Food

$250

Gym Membership

$20

Personal Loan Payment

$94

Car Insurance

$165

Carol's 401K Balance

$50,000

Savings Balance

$500

Auto Loan Balance

$15,000

Checking Balance

$1,000

Visa Payment

$60

Lawn Service

$100

Bloomingdale Payment

$30

Mastercard Payment

$100

Need to create balance sheet with these numbers including showing overall net worth

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Richard Lewis, David Pendrill

7th Edition

0273658492, 978-0273658498

More Books

Students also viewed these Finance questions

Question

2. Remind students of upcoming assignments.

Answered: 1 week ago

Question

gpt 4 7 9 .

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago