Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please see attachment. I don't know Excel well enough to do this assignment. The amounts and totals can be made up. Please help! Create personal

Please see attachment. I don't know Excel well enough to do this assignment. The amounts and totals can be made up. Please help!

Createpersonal financial statements usingMicrosoftExcel.

Useyour own financial data or interview someone to obtain the needed data to complete the balance statement.

image text in transcribed University of Phoenix Material Personal Financial Statement ACTIVITY STATEMENT (Data Should Reflect the Previous Month) Statement Reflects Data From: Revenue Pay Check Interest Total Revenue = Expenses Rent or Mortgage Utilities Gas Telephone Food Other Total Expenses = Excess of Revenues Over Expenses= STATEMENT OF FINANCIAL POSITION (OR THE BALANCE SHEET) (Data is a snapshot of a single point in time) Data Taken on the Following Date: Assets Current assets: Cash Investments Prepaid rent and deposits Total Current Assets = Property and equipment, net: House (if owned) Furniture Auto (if owned) Total property and equipment = Total of all Assets = Liabilities Current liabilities: Total Credit Card Balance To: Noncurrent Liabilities: School Loan House Loan Car Loan Total of all Liabilities = Net Assets Net Assets = Total Assets - Total Liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics: An Intuitive Approach With Calculus

Authors: Thomas Nechyba

2nd Edition

1305650468, 978-1305650466

More Books

Students also viewed these Finance questions

Question

Behaviour: What am I doing?

Answered: 1 week ago