Determine whether each of the above is an Asset, Liability, Income or Expense and circle the appropriate letter to the right of each one.

Amy is single and 25 years old. She graduated two years ago and has been working full time ever since. She is having a bit of trouble getting her finances in order. She just can't seem to make ends meet and can't seem to save any money. Her employment income is $31,000 per year. She is proud of the fact that she has begun to contribute to the 40143 retirement plan offered by her employer. After taxes, health insurance premiums, and contributions to her 401(k) plan; Amy's net pay is $1,950 per month. Amy keeps her financial records in a shoebox in a closet in her apartment. Going through her canceled checks, bank statements, credit card receipts, and so forth, she has come up with the following list: Circle one ALIE ALIE ALIE ALIE Income tax refund Apartment rent paid Utilities bills paid during the year Unpaid telephone and utility bills Value of her 2003 Honda Civic Car insurance premium paid this year Gas and other transportation expenses paid Amount spent on clothing Value of furniture Appraised value of jewelry Student loan payments made Balance of student loan unpaid Amount spent on food Amount spent on entertainment ATM withdrawals (don't know what for) Cost of skiing vacation taken Balance owed on Visa card Extra payments made on credit card this year Value of 403(b) retirement account Checking account balance Savings account balance Interest earned on savings account 5500 7,200 1,800 125 6,000 600 1,200 2,400 3,500 3,500 1,200 4,500 3,000 1,800 2,400 1,000 1,450 1,000 2,500 750 1,200 60 ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE ALIE