You get two attempts on this assignment? Why? Because people get creative and add extra symbols...

Transcribed Image Text:

You get two attempts on this assignment? Why? Because people get creative and add extra symbols in the Boxes and then it's wrong. This way you have a second attempt to get the questions correct. Please, please, please, Do not enter dollar signs, commas or decimal places. Construct a balance sheet using the following information. You will see the form to fill out when you start the assignment. Cash on hand.:..... $75 Bank credit card balance...... $1,200 Utility bill (overdue):.. $100 Auto loan balance:. $3,500 Mortgage:.... $75,000 Primary residence:.. $105,000 Jewelry:.. $2,000 Stocks.... $17,500 Coin collection:.. $2,500 $7,500 2011 Toyota:......... Example: In the Box labeled Cash on Hand enter 75 You get two attempts on this assignment? Why? Because people get creative and add extra symbols in the Boxes and then it's wrong. This way you have a second attempt to get the questions correct. Please, please, please, Do not enter dollar signs, commas or decimal places. Construct a balance sheet using the following information. You will see the form to fill out when you start the assignment. Cash on hand.:..... $75 Bank credit card balance...... $1,200 Utility bill (overdue):.. $100 Auto loan balance:. $3,500 Mortgage:.... $75,000 Primary residence:.. $105,000 Jewelry:.. $2,000 Stocks.... $17,500 Coin collection:.. $2,500 $7,500 2011 Toyota:......... Example: In the Box labeled Cash on Hand enter 75

Answer rating: 100% (QA)

Answer To construct a balance sheet using the given information we need to categorize the assets and ... View the full answer