Reference no: EM132470203
Question 1: Use the following items for 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 $810
Monthly take-home salary $3,120
Cash in checking account 900
Savings account balance 2,820
Spending for food 1,000
Balance of educational loan 3,120
Current value of automobile 8,000
Telephone bill paid for month 115
Credit card balance 235
Loan payment 100
Auto insurance 292
Household possessions 3,810
Stereo equipment 3,190
Payment for electricity 96
Lunches/parking at work 219
Donations 106
Home computer 2,190
Value of stock investment 1,330
Clothing purchase 200
Restaurant spending 182
Requirements: Balance sheet and Cash flows
Total assets= ?
Total liabilities= ?
Net worth=?
Total cash inflows= ?
Total cash outflows= ?
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