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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 wor total cash
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net wor total cash inflows, and total cash outflows. (Omit the "$" sign in your response.) 25 Rent for the month Monthly take-home salary Cash in chequing account Savings account balance $ 1,610 4,340 Auto insurance 327 Household possessions 3,750 1,400 Stereo equipment 3,180 2,700 Payment for electricity 149 Spending for food 1,270 Lunches/parking at work 212 Balance of educational loan 2,300 Donations. 166 Current value of automobile 7,950 Home computer 1,780 Telephone bill paid for month. 83 Value of stock investment 1,400 Credit card balance 264 Clothing purchase 137 Loan payment 162 Restaurant spending 224 Picture Click here for the Excel Data File Total assets Total liabilities Net worth i $ Total cash inflows $ Total cash outflows $ 22140
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