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 $4,800.

Opening Balances

Assets		Liabilities
Cash	$4,300	Unpaid Accounts	$2,000
Investment	$7,700	Bank Loan	$1,800
Contents of Home	$6,900	Automobile Loan	$5,600
Automobile	$21,300	Student Loan	$5,500
House	$87,800	Mortgage	$59,900
		Total Liabilities	$74,800
		Net Worth	$53,200
Total Assets	$128,000	Liabilities + Net Worth	$128,000

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