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. (Omit the "$" sign in your response.) Rent for the month Monthly take-home salary. Cash in chequing account Savings account balance. Spending for food. Balance of educational loan Current value of automobile Telephone bill paid for month Credit card balance Loan payment picture Click here for the Excel Data File Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ $ $ $ $ $ 1,038 2,850 1,828 2,360 470 2,978 8,490 85 301 163 Auto insurance Household possessions stereo equipment Payment for electricity Lunches/parking at work. Donations Home computer Value of stock investment Clothing purchase Restaurant spending $ 248 3,478 3,148 144 199 135 2,220 1,080 157 227
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. (Omit the "$" sign in your response.) Rent for the month Monthly take-home salary. Cash in chequing account Savings account balance. Spending for food. Balance of educational loan Current value of automobile Telephone bill paid for month Credit card balance Loan payment picture Click here for the Excel Data File Total assets Total liabilities Net worth Total cash inflows Total cash outflows $ $ $ $ $ $ 1,038 2,850 1,828 2,360 470 2,978 8,490 85 301 163 Auto insurance Household possessions stereo equipment Payment for electricity Lunches/parking at work. Donations Home computer Value of stock investment Clothing purchase Restaurant spending $ 248 3,478 3,148 144 199 135 2,220 1,080 157 227
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 9PB: Prepare journal entries to record the following transactions. Create a T-account for Cash, post any...
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