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Indicate whether each transaction will increase, decrease or have no change to the cash balance and net worth. Transaction Cash Balance Net Worth Deposit salary
Indicate whether each transaction will increase, decrease or have no change to the cash balance and net worth.
Transaction | Cash Balance | Net Worth |
Deposit salary | Increase | Increase |
1) Received the phone bill, due next month | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
2) Prepay a magazine subscription for a year | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
3) Received a student loan | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
4) Receive cash from a part-time job | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
5) Reduce the principal portion of a loan | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
6) Pay interest on the credit card balance | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
7) Received an expensive stereo as a gift from your family | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
8) Pay for gas and food with cash | AnswerIncreaseDecreaseNo Change | AnswerIncreaseDecreaseNo Change |
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