Reference no: EM132472204
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