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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. (Omit the "$" sign in your response.)
Rent for the month | $ | 1,240 | Auto insurance | $ | 235 |
Monthly take-home salary | 3,750 | Household possessions | 3,940 | ||
Cash in chequing account | 900 | Stereo equipment | 2,940 | ||
Savings account balance | 2,730 | Payment for electricity | 146 | ||
Spending for food | 1,230 | Lunches/parking at work | 227 | ||
Balance of educational loan | 3,100 | Donations | 126 | ||
Current value of automobile | 8,340 | Home computer | 2,330 | ||
Telephone bill paid for month | 92 | Value of stock investment | 960 | ||
Credit card balance | 259 | Clothing purchase | 149 | ||
Loan payment | 154 | Restaurant spending | 151 | ||
Total assets | $ |
Total liabilities | $ |
Net worth | $ |
Total cash inflows | $ |
Total cash outflows | $ |
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