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Part VI Net Worth Dana Shukrun had the following assets and liabilities as of December 1, 2018. Assets LIabilities Cash $6,300 Automobile $14,200 House $172,000
Part VI Net Worth Dana Shukrun had the following assets and liabilities as of December 1, 2018. Assets LIabilities Cash $6,300 Automobile $14,200 House $172,000 Contents of Home $7,700 Prepaid Insurance $3,600 LInpaid Accounts $1,600 Credit Card $2,000 Mortgage $120,000 Total $203,800 $123,600 al What is Dana's opening net worth on December 1st? b) The following activities occurred during the month of December. Faid $1.700 against the principle portion of credit card debt. Received $2,700 in salary. Paid $880 cash towards unpaid accounts Paid $580 cash for expenses Charged $830 in various expenses to the credit card. Recognized prepaid insurance for one month worth $300 Received a $670 cash gift from the family. What is Dana's closing net worth after recording the above transactions
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