Question
Question : Christine Sutherland compiled the following information on May 31, 2022 Cash $2,100 Jewellery 3,000 House 186,200 Mortgage 171,800 Net Worth 19,500 Transactions for
Question : Christine Sutherland compiled the following information on May 31, 2022
Cash | $2,100 |
Jewellery | 3,000 |
House | 186,200 |
Mortgage | 171,800 |
Net Worth | 19,500 |
Transactions for the month of June 2022
Received $4,100 cash for her monthly salary.
Paid $590 cash for maintenance on her car.
Paid cash for telephone, water and electricity for $540.
Purchased an automobile worth $10,600 on credit.
Received $30 interest earned on bank deposits.
Paid $320 for food with cash.
Required
What is the ending balance of cash?
What is the surplus or deficit for the accounting period?
What is Christine Sutherlands net worth on June 30?
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