Question

Use the following items to prepare a balance sheet and a cash flow statement. Determine the...

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 $ 1,330 Monthly take-home salary $ 3,900
Cash in checking account 810 Savings account balance 2,740
Spending for food 1,300 Balance of educational loan 2,770
Current value of automobile 8,550 Telephone bill paid for month 119
Credit card balance 320 Loan payment 107
Auto insurance 243 Household possessions 3,580
Stereo equipment 3,310 Payment for electricity 146
Lunches/parking at work 244 Donations 111
Home computer 2,160 Value of stock investment 890
Clothing purchase 110 Restaurant spending 190

Total Assets -

Total Liabilities -

Net Worth -

Total Cash Inflows -

Total Cash Outflows -

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