Use the following items to determine the total assets total

Assignment Help Accounting Basics

Reference no: EM13481432

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.


Rent for the month	$	1,240	Auto insurance	$	239
Monthly take-home salary		3,420	Household possessions		3,680
Cash in checking account		700	Stereo equipment		3,240
Savings account balance		2,110	Payment for electricity		110
Spending for food		820	Lunches/parking at work		271
Balance of educational loan		2,930	Donations		169
Current value of automobile		8,590	Home computer		1,870
Telephone bill paid for month		69	Value of stock investment		1,750
Credit card balance		236	Clothing purchase		148
Loan payment		177	Restaurant spending		177


Total assets	$
Total liabilities	$
Net worth	$
Total cash inflows	$
Total cash outflows	$

Reference no: EM13481432

Questions Cloud

Research a specific company in one of the business sectors : describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.

Moore corportation follows a policy of a 10 depreciation : moore corportation follows a policy of a 10 depreciation charge per year on all machinery and a 5 depreciation charge

The following data pertain to the first week of operations : the following data pertain to the first week of operations during the month of

Examine pepsico incs consolidated balance sheet on p a6 in : examine pepsico inc.s consolidated balance sheet on p. a6 in appendix a of financial accounting especially its current

Use the following items to determine the total assets total : use the following items to determine the total assets total liabilities net worth total cash inflows and total cash

Explain the rationale for recognizing costs as expenses at : an accountant must be familiar with the concepts involved in determining earnings of a company. the amount of earnings

Charlie brown controller for the kelly corporation is : charlie brown controller for the kelly corporation is preparing the companys income statement at year-end. he notes

How would the following errors affect the account balances : how would the following errors affect the account balances and the basic accounting equation assets liabilities

Seamark buys 300000 of eiders 8 five-year bonds payable at : seamark buys 300000 of eiders 8 five-year bonds payable at par value on september 1. interest payments are made

User Account

All Pages