Question: 1.Using the August, 2021asset and liability information, develop a balance sheet for TheMuhriz family.Regular expenditures for things like utilities, rent, etc. are included on abalancesheet

1.Using the August, 2021asset and liability information, develop a balance sheet for TheMuhriz family.Regular expenditures for things like utilities, rent, etc. are included on abalancesheet onlyif there are unpaid bills due.Assume the Muhriz family has nounpaidbills.Assets on a balance sheet are listed at their current market value, not the purchaseprice.Liabilities are listed at the current outstanding balance. What is The Muhrizfamilysnet worth?

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