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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
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 $1,500 Auto Insurance Household possessions 1,250 Stereo equipment Savings account balance Spending for food i 960 Payment for electricity Balance of educational loan 2,400 Current value of automobile 8,040 Telephone hill paid for month 66 Credit card balance 305 Clothing purchase Loan payment 150 Lunches/parking at work Donations Home computer Value of stock investment Restaurant spending 234 3,040 2,580 171 236 1,420 169 Picture Click here for the Excel Data File Total assets Total liabilities $ liet worth $ Total cash inflows $ Total cash outflows $ x
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