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I need Help creating a Balance sheet and a Cash Flow Statement using the information in the picture. Use the following information to develop a
I need Help creating a "Balance sheet" and a "Cash Flow Statement" using the information in the picture.
Use the following information to develop a beginning Statement of Finanial Position and Cash Flow Statement You must format them correctly. 1 point for each correct placement. Total points value = 30 Category Market Value Pension $15,432 Auto - Frank $20,000 Auto - Lois $5,750 Auto Loan - Interest $381 Auto Loan-Principal $4,996 Auto Maintenance $600 Auto Insurance - Premiums $2,124 Checking Account $10,000 Credit Card Balance $10,870 Credit Card Interest $1,707 Credit Card - Principal Payment $453 Furniture/Fixtures $36,000 Jewelry $6,000 Mortgage- Residence $172,960 Mortgage - Interest Payment $5,808 Mortgage - Principal Payment $796 House $225,000 Homeowner's Insurance Premiums $534 Savings $13,500 Trust Fund $100,000 Clothing purchases $3,600 FICA Taxes $11,449 Food $4,800 Child Care $4,800 Salary - Frank $50,000 Salary - Lois $50,000 Utilities $2,893 Entertainment $4,200 Child Support $2,400 Miscellaneous Expense $2,100 Use the following information to develop a beginning Statement of Finanial Position and Cash Flow Statement You must format them correctly. 1 point for each correct placement. Total points value = 30 Category Market Value Pension $15,432 Auto - Frank $20,000 Auto - Lois $5,750 Auto Loan - Interest $381 Auto Loan-Principal $4,996 Auto Maintenance $600 Auto Insurance - Premiums $2,124 Checking Account $10,000 Credit Card Balance $10,870 Credit Card Interest $1,707 Credit Card - Principal Payment $453 Furniture/Fixtures $36,000 Jewelry $6,000 Mortgage- Residence $172,960 Mortgage - Interest Payment $5,808 Mortgage - Principal Payment $796 House $225,000 Homeowner's Insurance Premiums $534 Savings $13,500 Trust Fund $100,000 Clothing purchases $3,600 FICA Taxes $11,449 Food $4,800 Child Care $4,800 Salary - Frank $50,000 Salary - Lois $50,000 Utilities $2,893 Entertainment $4,200 Child Support $2,400 Miscellaneous Expense $2,100Step by Step Solution
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