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HELP PLEASE!!! Question #2 Creating a balance sheet Use Worksheet 2.1. Katie Wright's banker has asked her to submit a personal balance sheet as of

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HELP PLEASE!!!

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Question #2 Creating a balance sheet Use Worksheet 2.1. Katie Wright's banker has asked her to submit a personal balance sheet as of June 30, 2020, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing it. So far, she has made the following list of her assets and liabilities as of June 30, 2016: Cash on hand $ 70 Balance in checking account 180 Balance in money market deposit account with 600 Southwest Savings Bills outstanding Telephone $ 20 Electricity 70 Charge account balance 190 Visa 180 MasterCard 220 Taxes 400 220 $1,300 Condo and property 66,000 Condo mortgage loan 52,000 Automobile: 2016 Honda Civic 12,000 Installment loan balances: Auto loans 3,000 Furniture loan 500 3,500 Personal property: Insurance nglish (United States) Focus so F3 Dll FS FS F6 F7 $ 3 4 5 6 7 8 9 0 E R . Y SU Furniture loan Personal property: Furniture Clothing Investments: 1,050 900 1,950 500 U.S. government savings bonds Apple Stock 3,000 3,50D From the data given, prepare Katie Wright's balance sheet, dated June 30, 2020 (follow the balance sheet form shown in Worksheet 2.1). Then evaluate her balance sheet relative to the following factors: (a) solvency. (b) liquidity, and (c) equity in her dominant asset Balance Sheet Name(0) Katie Wright Date: 30-Jun-20 Assets Liabilities and Net Worth Liquid assets Current liabilities: Cash on hand Uities In checking Rent Savings accounts Insurance premium Money Market funds and deposits Taxes Medical/dental bills Certificates of deposit (

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