If your starting net worth is $20,000, how much will you be worth after the following transactions: earn salaries od $3,000, pay living expenses of $2,000, borrow $5,000 and pay interest of $300?

a) $20,700

b) $15,700

c) $28,000

d) $23,700

e) none of the choices listed

Which of the following has an impact only of the balance sheet?

a) reducing the principal portion of a car loan

b) paying the interest portion of a car loan

c) depositing interest received on savings

d) paying insurance expense

e) none of the above

When operation as a proprietary business which of the following is true?

a) all debt in the business may or may not be the responsibility of the owner which will depend of the on accounting policies.

b) all business debts is not is considered as the owners debt.

c) all the business debt is not the responsibility of the owner because they are separate entities

d) it is common practice to keep the business and personal records together because the owner and business are considered as one

e) none of the above

please help!!!