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Take me to the text Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank
Take me to the text Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank balance sheets marked "Answers." Do not enter dollar signs or commas in the input boxes. 1. Received a student loan of $4,800. Opening Balances Assets Liabilities Cash $4,400 Unpaid Accounts $1,800 investment $2,400 Bank Loan 51.600 Contents of Home $5,200 Automobile Loan $4.300 Automobile $17.100 Student Loan $5,700 House $82.600 Mortgage 542.800 Totat Labilities $56.200 Net Worth $60,500 Total Assets $116,700 Liabilities - Net Worth $116,700 2. Sold contents of home for the same amount that they were purchased for: $3,100 cash. Operwng Balances Assets Liabilities Cash $5,000 Unpaid Accounts $1,800 Investment $8,200 Bank Loan $1,400 Contents of Home $5,200 Automobile Loan $4,200 Automobile $21,700 Student Loan $5,500 House $70,600 Mortgage $45,100 Total Liabilities $58,000 Net Worth $52,700 Total Assets $110,700 Liabilities + Net Worth $110,700
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