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Take me to the text The following information was taken from the personal records of Juliet Lahm on April 30, 2019, Opening Balances Cash $3,000
Take me to the text The following information was taken from the personal records of Juliet Lahm on April 30, 2019, Opening Balances Cash $3,000 Jewellry $2,000 House $190,000 Mortgage $80,000 Net Worth $115,000 Transactions for the month of May 2019. 1) Earned monthly salary of $5,050. 2) Paid $1,200 cash for utilities. 3) Purchased an automobile worth $10,000 on account. 4) Paid $600 cash for food. 5) Paid $400 cash for gas. Do not enter dollar signs or commas in the input boxes The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field a) Complete the Cash T-Account to determine the ending balance of cash. Increase Decrease Cash Opening Balance Transaction #1 Transaction #2 Transaction #3 Transaction #4 Transaction #5 Ending Balance b) Complete the personal income statement to determine the surplus or deficit for the period. Personal Income Statement For the Month Ended May 31, 2019 Revenue Expenses Food Expense Gasoline Expense Utilities Expense Total Expenses Surplus (Deficit) c) What is Juliet Lahm's net worth on May 31? Net worth = $
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