Please help me to understand how to build a balance sheet for the following information? You have $1250 in your checking account. You have $1750
Please help me to understand how to build a balance sheet for the following information?
You have $1250 in your checking account.
You have $1750 in your revolving savings account.
You purchased a computer last summer and it is valued at $500.
You received a graduation gift of a watch and it is valued at $300.
You purchased new furniture for your apartment.It is valued at $1,000 but you still owe $400.
Your car is valued at $5,000 but you still owe $1,500.
You owe $300 on a credit card.
You have put $1,000 into a Roth IRA.
You participate in your employer's 401k program.You have saved $5,000.
You need a root canal procedure at your dentist office.You owe $400.
You just cashed your income tax refund of $1,000.
You purchased a flat-screen TV that is valued at $500.
You have $75 in cash.
You have a student loan balance of $20,000.
You purchase a condo for $60,000 and you owe $45,000.
You and your best friend move into a new condo.They pay you $450 a month in rent.
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