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I am looking to verify my answers by placing the proper items in the balance sheet Client Financial Information Assets & Liabilities Annual Income &
I am looking to verify my answers by placing the proper items in the balance sheet Client Financial Information | |||
Assets & Liabilities | Annual Income & Expenses | ||
Joint Money Market Account | $ 5,500 | Jane's Gross - Part Time Wages | $ 15,000 |
Boat | $ 25,000 | Gifts to Family | $ 2,500 |
Credit Card B (For Clothes) | $ 4,000 | Homeowner's Insurance | $ 1,250 |
Mortgage Balance | $ 80,000 | Auto insurance/registration | $ 1,100 |
Cash on Hand | $ 1,500 | Income Taxes | $ 25,000 |
House | $ 120,000 | John's Gross Salary | $ 100,000 |
Personal Property | $ 15,000 | Food (For Groceries/Restaurants) | $ 10,000 |
Credit Card D (For Misc. Items) | $ 4,500 | Utilities | $ 5,700 |
Jane's - Car Loan Balance | $ 10,000 | Maintenance (auto & home) | $ 3,500 |
Joint Savings Account | $ 400 | Charitable contributions | $ 10,000 |
Jane's Car | $ 22,000 | Mortgage (including taxes) | $ 17,000 |
Credit Card A (For Groceries/Restaurants) | $ 3,000 | Combined Auto Loan Payment | $ 12,000 |
Joint Checking Account | $ 1,000 | Boat Loan Payment | $ 5,000 |
John's - Truck Loan Balance | $ 28,000 | Phone | $ 1,550 |
John's Truck | $ 40,000 | Gas/Plane Tickets for Transportation | $ 4,200 |
Jane's 403(b) | $ 20,000 | Prescriptions Expenses | $ 8,500 |
John's 403(b) | $ 70,000 | Medical Bill Payments | $ 4,000 |
Boat Loan Balance | $ 8,000 | Clothing | $ 5,500 |
Medical Bills | $ 12,000 | Miscellaneous | $ 8,500 |
Credit Card C (For Travel) | $ 5,000 | Internet | $ 650 |
Medical Insurance Premiums | $ 6,200 | ||
Life Insurance Premium | $ 1,600 | ||
Credit Cards (sum of ALL credit card payments) | $ 3,500 | ||
Jane's 403(b) - Contributions | $ 4,000 | ||
John's 403(b) - Contributions | $ 4,000 |
Balance Sheet | Total Monetary Assets | $ | |||||
Date | Total Tangible Assets | $ | |||||
Assets | Liabilities | Total Investment Assets | $ | ||||
Monetary Assets | Short Term Liabilities | Total Assets | $ | ||||
Total Short Term Liabilities | $ | ||||||
Total Long Term Liabilities | $ | ||||||
Total Liabilities | $ | ||||||
Total Net Worth | $ | ||||||
Total Monetary Assets | $ | Total Short Term Liabilities | $ | ||||
Tangible Assets | Long Term Liabilities | ||||||
Total Tangible Assets | $ | Total Long Term Liabilities | $ | ||||
Investment Assets | Total Liabilities | $ | |||||
Total Net Worth | $ | ||||||
Total Investment Assets | $ | ||||||
Total Assets | $ |
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