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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 Monthly take-home salary Cash in chequing account Savings account balance Spending for food Balance of educational loan Current value of automobile Telephone bill paid for month Credit card balance Loan payment picture Click here for the Excel Data File Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ 1,240 Auto insurance $ 239 3.420 Household possessions 3,680 700 Stereo equipment 3,240 2.110 Payment for electricity 110 820 Lunches/parking at work 271 2,930 Donations 169 8, 590 Home computer 1,870 69 Value of stock investment 1,750 236 Clothing purchase 148 177 Restaurant spending 177 478
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