All Personal Accounts - Bank of America Personal Savings Account (I sned money from my pay checks
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All Personal Accounts - Bank of America Personal Savings Account (I sned money from my pay checks to my savings account)
1. Now that you have tracked your expenses over the last month, you can now format these into an income and expense statement. The income statement is quite simple in that it lists all of your income in the top portion and all of your expenses organized into categories.
2. You will also create a balance sheet listing all assets and liabilities. What I will be checking for is that you know which items should be classified as assets and which should be classified as liabilities, and that you know how to accurately calculate your net worth (Total Assets minus Total Liabilities).
| Starting Balance | $6,475.00 | |||
| Payroll Check 1 7/14 | $1,580.72 | Payroll Check 1 7/128 | $1,690.57 | |
| Payroll Check 2 7/14 | $890.29 | Payroll Check 2 7/28 | $1,020.40 | |
| Payroll Check 3 7/14 | $380 | Payroll Check 3 7/28 | $675 |
| 9/1/18 | Shoe Shopping - DSW | $73.81 | |
| Lunch - Chick fil A | $8.09 | ||
| Dinner - One and Only BBQ | $16.72 | ||
| Entertainment - Craft Republic | $34.58 | ||
| 9/2/18 | Fuel Truck - Sams | $57.00 | |
| Fuel Car - Sams | $32.50 | ||
| School Supplies - Target | $18.36 | ||
| Tithes - Community of Faith | $70.00 | ||
| 9/3/18 | Breakfast - Starbucks | $9.75 | |
| Lunch - McAlister's | $10.93 | ||
| Dinner - Garibaldis | $12.40 | ||
| 9/4/18 | Groceries - Kroger | $84.86 | |
| 9/5/18 | Credit Card Bill - Discount Tire | $100.00 | |
| 9/6/18 | Toiletries- WalMart | $25.72 | |
| 9/7/18 | Mortgage/ Home Owners Insurance | $740.00 | |
| 9/8/18 | Clothing - Macys | $62.93 | |
| Sisters Bday Visa Gift Card | $40.00 | ||
| Lunch - Leonards | $14.67 | ||
| Dinner - Buckleys | $21.84 | ||
| 9/9/18 | Fuel Truck - Sams | $61.00 | |
| Fuel Car - Sams | $34.00 | ||
| Tithes - Community of Faith | $53.00 | ||
| 9/10/18 | ADT | $43.00 | |
| 9/11/18 | County Trash Bill | $55.00 | |
| Lawn Service - Green King | $41.00 | ||
| 9/12/18 | WalMart - Detergent | $12.63 | |
| 9/13/18 | Credit Card Bill - Paypal | $50.00 | |
| Farewell Party at Work - WalMart | $27.09 | ||
| 9/14/18 | Mulch for Yard - Home Depot | $32.38 | |
| Smoothie King - $5 Friday | $5.46 | ||
| 9/15/18 | Entertainment - Pool Hall | $48.20 | |
| Oil Change - Infiniti of Memphis | $62.99 | ||
| 9/16/18 | Fuel Truck - Sams | $57.00 | |
| Fuel Car - Sams | $39.00 | ||
| Tithes - Community of Faith | $50.00 | ||
| Dinner - Papa Johns | $10.93 | ||
| 9/17/18 | Savings | $800.00 | |
| Memphis Light Gas and Water | $275.00 | ||
| 9/18/18 | Lunch - Panera Bread | $7.80 | |
| Clothing - Catos | $42.15 | ||
| 9/19/18 | Lunch - Sonic Drive Thru | $6.56 | |
| 9/20/18 | Truck Note | $440.00 | |
| Life Insurance | $23.90 | ||
| IRA Deposit | $100.00 | ||
| 9/21/18 | Nail Shop | $43.00 | |
| Dinner - KFC | $10.93 | ||
| 9/22/18 | Groceries - WalMart | $83.47 | |
| Entertainment - Main Event | $77.29 | ||
| 9/23/18 | Tithes - Community of Faith | $40.00 | |
| 9/24/18 | Savings | $600.00 | |
| 9/25/18 | Car Note | $220.00 | |
| Credit Card Bill - Home Depot | $100.00 | ||
| 9/26/18 | Fuel Truck - Sams | $62.50 | |
| Fuel Car - Sams | $43.00 | ||
| Furniture Bill | $120.00 | ||
| 9/27/18 | Credit Card Bill - Discover | $60.00 | |
| 9/28/18 | Tag Renewal - Truck | $132.00 | |
| Smoothie King - $5 Friday | $5.46 | ||
| 9/29/18 | Credit Card Bill - Sears | $85.00 | |
| Entertainment - MidSouth Fair | $62.00 | ||
| 9/30/18 | Tithes - Community of Faith | $50.00 |
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Income Statement Expenses Amount Income Amount Breakfast 975 Salary 623698 Credit Card 29500 Cred... View the full answer
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