Cash Automobile Credit Card Bills Automobile Loan Salary Food Expense Entertainment Expense Rent Expense May 31, June 30, July 31, 2021 2021 2021 $7,860 $13,360 $19,360 $13,000 $13,000 $13,000 $1,080 $880 $580 $12,000 $11,500 $11,000 $9,300 $9,700 $9,700 $860 $2,490 $1,920 $210 $740 $270 $240 $740 $740

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required
Complete the table below.
Opening
Net
Worth
Surplus
(Deficit)
Closing
Net
Worth
May 31, 2021
290
June 30,
2021
X
July 31, 2021
Not
answered
Transcribed Image Text:Required Complete the table below. Opening Net Worth Surplus (Deficit) Closing Net Worth May 31, 2021 290 June 30, 2021 X July 31, 2021 Not answered
Cash
Automobile
Credit Card
Bills
Automobile
Loan
Salary
Food Expense
Entertainment
Expense
Rent Expense
May 31,
2021
$7,860 $13,360 $19,360
$13,000 $13,000 $13,000
$1,080 $880 $580
June 30, July 31,
2021
2021
$12,000 $11,500 $11,000
$9,300 $9,700 $9,700
$860 $2,490 $1,920
$210
$740
$270 $240
$740
$740
Transcribed Image Text:Cash Automobile Credit Card Bills Automobile Loan Salary Food Expense Entertainment Expense Rent Expense May 31, 2021 $7,860 $13,360 $19,360 $13,000 $13,000 $13,000 $1,080 $880 $580 June 30, July 31, 2021 2021 $12,000 $11,500 $11,000 $9,300 $9,700 $9,700 $860 $2,490 $1,920 $210 $740 $270 $240 $740 $740
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