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Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank balance sheets labelled Answers. Do

Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank balance sheets labelled Answers. Do not enter dollar signs or commas in the input boxes. 1. Akira received a student loan oF $5'000. Opening Balances Assets Liabilities Cash $5,400 Unpaid Accounts $1,900 Investment $7,400 Bank Loan $1,700 Contents of Home $5,800 Automobile Loan $5,600 Automobile $19,900 Student Loan $5,800 House $71,700 Mortgage $41,800 Total Liabilities $56,700 Net Worth $53,500 Total Assets $110,200 Liabilities + Net Worth $110,200 Answers Assets Liabilities Cash Answer Unpaid Accounts Answer Investment Answer Bank Loan Answer Contents of Home Answer Automobile Loan Answer Automobile Answer Student Loan Answer House Answer Mortgage Answer Total Liabilities Answer Net Worth Answer Total Assets Answer Liabilities + Net Worth Answer 2. Indira purchased $3,900 worth of investments in cash. Opening Balances Assets Liabilities Cash $4,300 Unpaid Accounts $2,300 Investment $8,000 Bank Loan $1,100 Contents of Home $6,300 Automobile Loan $6,000 Automobile $20,200 Student Loan $6,900 House $73,100 Mortgage $57,900 Total Liabilities $74,200 Net Worth $37,700 Total Assets $111,900 Liabilities + Net Worth $111,900 Answers Assets Liabilities Cash Answer Unpaid Accounts Answer Investment Answer Bank Loan Answer Contents of Home Answer Automobile Loan Answer Automobile Answer Student Loan Answer House Answer Mortgage Answer Total Liabilities Answer Net Worth Answer Total Assets Answer Liabilities + Net Worth Answer 3. Lloyd paid $1,600 to reduce an outstanding mortgage payable (principal portion). Opening Balances Assets Liabilities Cash $4,800 Unpaid Accounts $2,100 Investment $1,200 Bank Loan $1,200 Contents of Home $5,300 Automobile Loan $5,200 Automobile $24,400 Student Loan $5,200 House $72,000 Mortgage $48,100 Total Liabilities $61,800 Net Worth $45,900 Total Assets $107,700 Liabilities + Net Worth $107,700 Answers Assets Liabilities Cash Answer Unpaid Accounts Answer Investment Answer Bank Loan Answer Contents of Home Answer Automobile Loan Answer Automobile Answer Student Loan Answer House Answer Mortgage Answer Total Liabilities Answer Net Worth Answer Total Assets Answer Liabilities + Net Worth Answer 4. Daniella bought a motorcycle for $8,300. Paid a $1,400 deposit with cash and borrowed $6,900 from the bank. Opening Balances Assets Liabilities Cash $4,600 Unpaid Accounts $2,200 Motorcycle $0 Bank Loan $1,500 Contents of Home $6,100 Automobile Loan $4,700 Automobile $21,300 Student Loan $5,100 House $77,500 Mortgage $54,500 Total Liabilities $68,000 Net Worth $41,500 Total Assets $109,500 Liabilities + Net Worth $109,500 Answers Assets Liabilities Cash Answer Unpaid Accounts Answer Motorcycle Answer Bank Loan Answer Contents of Home Answer Automobile Loan Answer Automobile Answer Student Loan Answer House Answer Mortgage Answer Total Liabilities Answer Net Worth Answer Total Assets Answer Liabilities + Net Worth Answer

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