accounting question 383601
Aug 29, 2021 | Uncategorized
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. (Omit the “$” sign in your response.)
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| Rent for the month |
$ |
1,240 |
Auto insurance |
$ |
239 |
| Monthly take home salary |
|
3,420 |
Household possessions |
|
3,680 |
| Cash in checking account |
|
700 |
Stereo equipment |
|
3,240 |
| Savings account balance |
|
2,110 |
Payment for electricity |
|
110 |
| Spending for food |
|
820 |
Lunches/parking at work |
|
271 |
| Balance of educational loan |
|
2,930 |
Donations |
|
169 |
| Current value of automobile |
|
8,590 |
Home computer |
|
1,870 |
| Telephone bill paid for month |
|
69 |
Value of stock investment |
|
1,750 |
| Credit card balance |
|
236 |
Clothing purchase |
|
148 |
| Loan payment |
|
177 |
Restaurant spending |
|
177 |
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| Total assets |
$ |
| Total liabilities |
$ |
| Net worth |
$ |
| Total cash inflows |
$ |
| Total cash outflows |
$ |
