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The couple wants to become more knowledgeable about financial statements and reports and have asked you to explain how the following transactions in the upcoming

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The couple wants to become more knowledgeable about financial statements and reports and have asked you to explain how the following transactions in the upcoming year would impact their net worth: - They pay off $5,000 of their credit card debt using the money from their savings account. - Their mutual fund portfolio increases by 7%. - Shetdon buys $1,000 of sports memorabilia for $800 using funds from their checking account. - Amy buys a used sports car for $25,000 with no down payment and financing at 3.9% for 60 months on the balance

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