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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 $ 1,240 Auto insurance 235 3,750 Household possessions 3,940 900 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 ? Click here for the Excel Data File Total assets Total liabilities Net worth Total cash inflows Total cash outflows SASA LA LA LA

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