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Construct a statement of financial position

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Construct a statement of financial position (balance sheet) for the Humperdink family using the following information:

Cash

$50

Checking account

$2,500

student loan balance

$6,000

stocks and bonds

$2,600

savings account

$5,850

residence

$110,000

automobile

$12,000

savings account

$5,800 

automobile loan balance

$12,000

401K retirement account

$15,000

furniture, clothing, jewelry

$8,000

credit card balance

$4,000

mortgage loan balance

$99,000

Reference no: EM133115697

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