Question
John Black is a working at a law firm. His salary recently increased and he would like to keep track of his net worth. John
John Black is a working at a law firm. His salary recently increased and he would like to keep track of his net worth. John has gathered the following information to help you track his net worth. Assume opening net worth for February 29 is $480.
| February 29, 2016 | March 31, 2016 | April 30, 2016 | |
| Cash | $7,390 | $12,890 | $18,890 |
| Automobile | $13,000 | $13,000 | $13,000 |
| Credit Card Bills | $1,420 | $1,220 | $920 |
| Automobile Loan | $12,000 | $11,500 | $11,000 |
| Salary | $9,100 | $9,500 | $9,500 |
| Food Expense | $1,660 | $2,390 | $1,730 |
| Entertainment Expense | $180 | $140 | $200 |
| Rent Expense | $770 | $770 | $770 |
Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit.
Required
Complete the table below.
| February 29, 2016 | March 31, 2016 | April 30, 2016 | |
| Opening Net Worth | ? | ? | ? |
| Surplus (Deficit) | ? | ? | ? |
| Closing Net Worth | ? | ? | ? |
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Accounting For Non Accounting Students
Authors: John Dyson, Ellie Franklin
10th Edition
1292286938, 9781292286938
