I am looking to verify my answers by placing the proper items in the balance sheet...
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I am looking to verify my answers by placing the proper items in the balance sheet |
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| Assets & Liabilities | |||
| Joint Money Market Account | $ 5,500 | ||
| Boat | $ 25,000 | ||
| Credit Card B (For Clothes) | $ 4,000 | ||
| Mortgage Balance | $ 80,000 | ||
| Cash on Hand | $ 1,500 | ||
| House | $ 120,000 | ||
| Personal Property | $ 15,000 | ||
| Credit Card D (For Misc. Items) | $ 4,500 | ||
| Jane's - Car Loan Balance | $ 10,000 | ||
| Joint Savings Account | $ 400 | ||
| Jane's Car | $ 22,000 | ||
| Credit Card A (For Groceries/Restaurants) | $ 3,000 | ||
| Joint Checking Account | $ 1,000 | ||
| John's - Truck Loan Balance | $ 28,000 | ||
| John's Truck | $ 40,000 | ||
| Jane's 403(b) | $ 20,000 | ||
| John's 403(b) | $ 70,000 | ||
| Boat Loan Balance | $ 8,000 | ||
| Medical Bills | $ 12,000 | ||
| Credit Card C (For Travel) | $ 5,000 | ||
|
Balance Sheet Total Investment Assets
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I am looking to verify my answers by placing the proper
items in the balance sheet...
4. Personal balance sheet Juan and Maria Gomez have been married for over 10 years. They...
4. Personal balance
sheet
Juan and Maria Gomez have been married for over 10 years. They
both have good jobs with consistent incomes, and they are good
savers. They believe that their financial picture is good, but they
have never prepared a balance sheet. Juan and Maria pulled together
the following items from bank statements, pay stubs, and bills.
Check the items that would appear on a balance sheet. Do not be
concerned about whether the amounts are correct. Check...
4. Personal balance sheet Ahmed and Sana Mohamed have been married for over 10 years. They...
4. Personal balance sheet Ahmed and Sana Mohamed have been married for over 10 years. They both have good jobs with consistent incomes, and they are good savers. They believe that their financial picture is good, but they have never prepared a balance sheet. Ahmed and Sana pulled together the following items from bank statements, pay stubs, and bills. Check the items that would appear on a balance sheet. Do not be concerned about whether the amounts are correct. Check...
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Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. $4,070 2.420 2,340 104 Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,520 Monthly take-home salary 920 Savings account balance 1,260 Balance of educational loan...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the...
Use the following items to prepare a 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 Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid...
Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash...
Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabil total cash inflows, and total cash outflows. Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase 1,330 Monthly take-home salary $3,988 2,748 2,778 119 187 3,588 146 818 Savings account balance 1,300 Balance of educational loan...
Companies prepare balance sheets in order to know their financial position at a specific point in...
Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives them a basi planning for the future. In order to evaluate your financial position, you can prepare a personal balance sheet. Assume that you have compiled the following information regarding your finances. (Hint: Some of might not be used in your personal balance sheet.) $4,500 1,300...
Select the balance sheet category where the items given would typically appear. 3. Items 1. Prepaid...
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Below is a random list of items that belong on either an agribusinesses balance sheet or...
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I need help with completing my balance sheet on the last section I can't get the...
I need help with completing my balance sheet on the last section
I can't get the assets to match the liability and owner equity. You
can see the trail balance for help.
Happy House Bakeshop Balance Sheet as of October 31, 2018 Assets Current Assets Cash Accounts Receivable Baking Supplies Pre-paid Insurance Total Current Assets 10400 8000 300 1650 20350 11000 Long Term Assets Equipment less: Accumulated Depreciation Total Long Term Assets 200 10800 Total Assets 3116 Liabilities Current Liabilities...
4. Personal balance
sheet
Juan and Maria Gomez have been married for over 10 years. They
both have good jobs with consistent incomes, and they are good
savers. They believe that their financial picture is good, but they
have never prepared a balance sheet. Juan and Maria pulled together
the following items from bank statements, pay stubs, and bills.
Check the items that would appear on a balance sheet. Do not be
concerned about whether the amounts are correct. Check...
4. Personal balance sheet Ahmed and Sana Mohamed have been married for over 10 years. They both have good jobs with consistent incomes, and they are good savers. They believe that their financial picture is good, but they have never prepared a balance sheet. Ahmed and Sana pulled together the following items from bank statements, pay stubs, and bills. Check the items that would appear on a balance sheet. Do not be concerned about whether the amounts are correct. Check...
Use the list of items below to create a Balance Sheet and Cash Flow Statement. 2010 Camaro $ 8,500 Apartment Rent 350 Bicycle $ 1,400 Camaro Car Loan Balance $ 2,700 Checking account at Credit Union $ 230 Grandfathers Watch $ 2,500 Grocery $ 300 Monthly allowance from rich aunt $ 800 Part time Job Weekly Paycheck $ 250 Savings account at First National Bank $ 1,500 Student Loan Debt $ 10,500 Student Loan Funds Available $ 4,000 $ 400...
Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. $4,070 2.420 2,340 104 Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $1,520 Monthly take-home salary 920 Savings account balance 1,260 Balance of educational loan...
Use the following items to prepare a 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 Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work $1,520 Monkhly take-home salary $4,070 2,420 2,340 104 920 Savings account balance 1,260 Balance of educational loan 7,820 Telephone bill paid...
Net Worth and Budgeting Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabil total cash inflows, and total cash outflows. Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase 1,330 Monthly take-home salary $3,988 2,748 2,778 119 187 3,588 146 818 Savings account balance 1,300 Balance of educational loan...
Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives them a basi planning for the future. In order to evaluate your financial position, you can prepare a personal balance sheet. Assume that you have compiled the following information regarding your finances. (Hint: Some of might not be used in your personal balance sheet.) $4,500 1,300...
Select the balance sheet category where the items given would typically appear. 3. Items 1. Prepaid expenses 2. Long-term marketable securities Plant building 4. Patents 5. Short-term notes payable 6. Long-term notes payable 7. Cash equivalents 8. Machinery Balance Sheet Category Current assets Long-term investments Plant assets Intangible assets Current liabilities Long-term liabilities Current assets Current assets
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out...
I need help with completing my balance sheet on the last section
I can't get the assets to match the liability and owner equity. You
can see the trail balance for help.
Happy House Bakeshop Balance Sheet as of October 31, 2018 Assets Current Assets Cash Accounts Receivable Baking Supplies Pre-paid Insurance Total Current Assets 10400 8000 300 1650 20350 11000 Long Term Assets Equipment less: Accumulated Depreciation Total Long Term Assets 200 10800 Total Assets 3116 Liabilities Current Liabilities...
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