The following information pertains to Christopher Lee's personal financial transactions. Opening Balances December 1, 2016 Cash $14,500 Contents of Home $600 Automobile $19,000 House $153,600 Unpaid Accounts $6,400 Bank Loan $72,400 Transactions for the month of December 2016. 1. Paid miscellaneous expenses for the month of December with $900 cash. 2. Purchased a new computer worth $1,900 with cash. 3. Paid credit card liability of $6,400 (Unpaid Accounts) in full. 4. Paid telephone, electricity and water bill for December with $700 cash. 5. Purchased $2,300 of groceries and goods for personal consumption with cash. 6. Deposited $4,200 salary earned during the month.