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. Balance Sheet and Cash Flows Rent for the month$1,240 Monthly take-home salary$3,420 Cash in checking account 700 Savings account balance 2,110 Spending for food 820 Balance of educational loan 2,930 Current value of automobile 8,590 Telephone bill paid for month 69 Credit card balance 236 Loan payment 177 Auto insurance 239 Household possessions 3,680 Stereo equipment 3,240 Payment for electricity 110 Lunches/parking at work 271 Donations 169 Home computer 1,870 Value of stock investment 1,750 Clothing purchase 148 Restaurant spending 177

Question

01-02-2021
Business

contestada

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. Balance Sheet and Cash Flows Rent for the month$1,240 Monthly take-home salary$3,420 Cash in checking account 700 Savings account balance 2,110 Spending for food 820 Balance of educational loan 2,930 Current value of automobile 8,590 Telephone bill paid for month 69 Credit card balance 236 Loan payment 177 Auto insurance 239 Household possessions 3,680 Stereo equipment 3,240 Payment for electricity 110 Lunches/parking at work 271 Donations 169 Home computer 1,870 Value of stock investment 1,750 Clothing purchase 148 Restaurant spending 177

Respuesta :

Otras preguntas

People who value their independence and personal uniqueness have: high individualism. high collectivism. low uncertainty avoidance. low openness to experience.

Find the possible value or values of n in the quadratic equation 2n2 – 7n + 6 = 0.

Tengo un deber que dice investigar 4 conceptos de mito y colocar la cita bibliografica correctamente alguien ayudeme por que no encuentro

Why was the year 1492 so important to Spanish history?

Help me with this question

All applicants for employment at rst corp. must pass a typing? test, including production? workers, custodians, and forklift operatorslong dash—all positions th

When karen and jena get together for lunch, karen tends to speak the entire time and doesn't allow jena to have the speaker role. karen would be considered a(n)

Three monuments in washington dc were erected in honor of what men

The results of population growth in Sub-Saharan Africa include _____.

Which items describe possible solutions to air pollution? Build more windmills Cut down the trees in the rain forests Decrease the use of hydroelectric power De

anthougo anthougo · Answer 1 · 2021-02-06T02:54:10+01:00

Answer:

1. Balance Sheet:

Assets:

Cash in checking account $700

Savings account balance 2,110

Current value of automobile 8,590

Home computer 1,870

Value of stock investment 1,750

Household possessions 3,680

Stereo equipment 3,240 $21,940

Liabilities:

Balance of educational loan 2,930

Credit card balance 236 $3,166

Net Worth $18,774

2. Cash Flows:

Cash Inflows:

Monthly take-home salary $3,420

Outflows:

Rent for the month $1,240

Spending for food 820

Telephone bill paid for month 69

Auto insurance 239

Payment for electricity 110

Lunches/parking at work 271

Donations 169

Clothing purchase 148

Restaurant spending 177

Loan payment 177

Total cash outflows $3,420

Explanation: