A personal balance sheet is a statement of the total net worth of an individual for the time being in force. It shows what are the things owned by a person and also the things that one owes to others.
What is a balance sheet?
The balance sheet for the year for Jamie Lee will show a balance of $8,350 on both the sides of the balance sheet for the information that is provided above.
Hence, the balance sheet for Jamie Lee is aforementioned. The missing information from the text is added for further reference. Moreover, an additional image of the balance sheet is also attached.
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