Instructions

Prepare a personal balance sheet using the format you have learned for a classified balance sheet for a company. For the capital account, use Owner's Capital

Below is the infromation that needs to be used to create the balance sheet.

Amount owed on student loan balance (long-term)	10,000$
Balance in checking account	1,000
Certificate of deposit (6-month)	3,000
Annual earnings from part-time job	5,000
Automobile	3,000
Balance on automobile loan (current portion)	500
Balance on automobile loan (long-term portion)	2,000
Home computer	1,500
Amount owed to you by younger brother	500
Balance in money market account	2,000
Annual tuition	6,400
Video and stereo equipment	3,000
Balance owed on credit card (current portion)	20
Balance owed on credit card (long-term portion)	100