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Develop John's balance sheet as of January 06, 2024. Asset: Asset - Liability = Net Worth Monetary asset (e.g., checking account, cash) Tangible asset

Develop John's balance sheet as of January 06, 2024.\ Asset:\

Asset - Liability = Net Worth

\ Monetary asset (e.g., checking account, cash)\ Tangible asset (e.g., car, computer)\ Investment asset (e.g., stocks)\ Liability:\ Short-term liability (paid off

=

year)\ Long-term liability (paid off

>1

year)\ John Fox graduated from Lir last year. Currently, he owes

$18,000

in student loan. He has a car that he bought 3 years ago for

$18,000

. The value of his car today is

$8,000

, and his auto loan has a balance of

$2,000

. John bought a computer 2 years ago for

$1,200

, but now the computer is worth

$800

. He has

$1,500

in his checking account. His credit card debt totals

$800

as of January 06, 2024.

image text in transcribed
Develop John's balance sheet as of January 06, 2024. Asset: AssetLiability=NetWorth Monetary asset (e.g., checking account, cash) Tangible asset (e.g., car, computer) Investment asset (e.g., stocks) Liability: Short-term liability (paid off =1 year) John Fox graduated from Lis last year. Currently, he owes $18,000 in student loan. He has a car that he bought 3 years ago for $18,000. The value of his car today is $8,000, and his auto loan has a balance of $2,000. John bought a computer 2 years ago for $1,200, but now the computer is worth $800. He has $1,500 in his checking account. His credit card debt totals $800 as of Januarv 06. 2024

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