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2 Homework Search this co Use Worksheet 2.1 Katie Wright's banker has asked her to submit a personal balance sheet as of June 30, 2020, in support of an application for a $3,000 home improvement loan. She comes to you for help in preparing it. So far, she has made the following list of her assets and liabilities as of June 30, 2016 $ 70 180 650 $ 20 70 190 180 220 400 220 Cash on hand Balance in checking account Balance in money market deposit account with Southwest Savings Bills outstanding: Telephone Electricity Charge account balance Visa MasterCard Taxes Insurance Condo and property Condo mortgage loan Automobile: 2016 Honda Civic Installment loan balances Auto loans Furniture loan Personal property Furniture Clothing Investments U.S. government savings bonds Apple Stock $1,300 75,000 54,000 12,000 3,000 500 3,500 1,050 900 1,950 500 3,000 3,500 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Prot 110 B ASSETS $ Liquid Assets Cash on hand in checking Savings accounts Money market funds and deposits Certificates of deposit (yr. to maturity Total Liquid Assets LABILITIES AND NET WORTH Current Liabilities Utilities s Rent Insurance premiums Taxes Medical/dental bills Repair bills Investments Stocks $ Bonds Bank credit card balances Dept. store credit card balances Travel and entertainment card balances Gas and other credit card balances Bank line of credit balances Other current liabilities Certificates of deposit >1 yr. to maturity Mutual funds $ $ $ Real estate Retirement funds, IRA Other Total investments Real Property Primary residence $ Second home Other Total Real Property Personal Property Autos $ Autos: 5 Recreational vehicles Household furnishing Jewelry and artwork Other Other Total Personal Property 15 Total Current Liabilities Long Term Llabilities Primary residence mortgage Second home mortgage Real estate investment mortgage Auto loans Appliance/furniture loans Home improvement loans Single-payment loans Education loans Margin loans used to purchase securities other long-term loans Total Long Term Liabilities 5 $ () Total Liabilities Net Worth) - () Total Assets Total Liabilities and Net Worth $ ws 02.1 F Type here to search o