Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items  Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month $ 1,520 Monthly take-home salary $ 4,070 Cash in checking account 920 Savings account balance 2,420 Spending for food 1,260 Balance of educational loan

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section: Chapter Questions
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Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items 

Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

Balance Sheet and Cash Flow Items
Rent for the month $ 1,520 Monthly take-home salary $ 4,070
Cash in checking account 920 Savings account balance 2,420
Spending for food 1,260 Balance of educational loan 2,340
Current value of automobile 7,820 Telephone bill paid for month 104
Credit card balance 307 Loan payment 84
Auto insurance 319 Household possessions 3,880
Home entertainment system 3,290 Payment for electricity 150
Lunches/parking at work 194 Donations 148
Computers 2,430 Value of stock investment 1,670
Clothing purchase 146 Restaurant spending 145

 

 
   
   
   
   
   
   
   
   
   
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