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Determine and assume opening net worth for april

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Problem 1: Tom Black is a working at a law firm. His salary recently increased and he would like to keep track of his net worth. Tom has gathered the following information to help you track his net worth.

Question 1: Determine and Assume opening net worth for April 30 is $310.

                                    April 30, 2018                    May 31, 2018                     June 30, 2018

Cash                                 $7,740                         $13,240                               $19,240

Automobile                        $13,000                        $13,000                               $13,000

Credit Bills                        $1,150                            $950                                  $650

Auto Loan                        $12,000                           $11,500                             $11,000

Salary                             $9,200                             $9,600                               $9,600

Food Expense                  $880                                 $2,400                               $1,700

Fun Expense                   $150                                    $110                                $210

Rent Expense                 $890                                      $890                               $ 890

Reference no: EM132472204

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