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D Question 17 10 pts Tanya owns an apartment valued at $50,000, cash of $5000 and a checking account with a balance of $2000.
D Question 17 10 pts Tanya owns an apartment valued at $50,000, cash of $5000 and a checking account with a balance of $2000. She has credit card debt of $2000, an unpaid electric bill of $100, a mortgage of $10,000 and an insurance payment due for $1000. Draw her balance sheet and calculate her initial net worth. Explain how each of the following transactions change any asset(s), liabilities and net worth. Note whether each transaction includes savings. 1. Tanya buys a motorcycle costing $3000 using her credit card. 2. Tanya writes a check for $1000 to pay her insurance (ignore transaction in part a) 3. Tanya spends $2000 of her salary and with the remainder buys a $2000 share of Amazon Co. (ignore transactions in parts a and b)
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