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Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows,
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
Balance Sheet and Cash Flows | |||||||
Rent for the month | $ | 1,330 | Monthly take-home salary | $ | 3,900 | ||
Cash in checking account | 810 | Savings account balance | 2,740 | ||||
Spending for food | 1,300 | Balance of educational loan | 2,770 | ||||
Current value of automobile | 8,550 | Telephone bill paid for month | 119 | ||||
Credit card balance | 320 | Loan payment | 107 | ||||
Auto insurance | 243 | Household possessions | 3,580 | ||||
Stereo equipment | 3,310 | Payment for electricity | 146 | ||||
Lunches/parking at work | 244 | Donations | 111 | ||||
Home computer | 2,160 | Value of stock investment | 890 | ||||
Clothing purchase | 110 | Restaurant spending | 190 | ||||
Total Assets -
Total Liabilities -
Net Worth -
Total Cash Inflows -
Total Cash Outflows -
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