Christopher Lee is preparing his balance sheet and income statement for the month ended April 30, 2019. Use the following information to help him prepare his financial statements.

Opening Balances - April 1, 2019
Cash	$8,500
Contents of Home	$1,600
Automobile	$20,300
House	$202,200
Unpaid Accounts	$9,800
Auto Loan	$140,600
Net Worth	$82,200

The following transactions occurred during the month of April.

1.	Deposited $5,000 salaries earned during the month.
2.	Purchased new home furniture worth $2,900 using a credit card
3.	Paid credit card bill with $3,800 cash.
4.	Paid travel bills of $1,100 for the month of April using a credit card.
5.	Purchased groceries and food for $2,800 using cash.
6.	Made a principal payment of $1,200 on the automobile loan.
7.	Paid April's miscellaneous expenses of $1,100 with cash.

a) Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of April in the T-accounts.

Personal Balance Sheet
As at April 30, 2019
Assets (what we OWN)			Liabilities (what we OWE)
Increase	Decrease		Decrease	Increase
Cash			Unpaid Accounts
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer
Increase	Decrease		Decrease	Increase
Contents of Home			Auto Loan
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer
Increase	Decrease
Automobile
Opening: $Answer
Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer
Ending: $ Answer
Increase	Decrease		Decrease	Increase
House			Net Worth
Opening: $Answer				Opening: $ Answer
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer				Ending: $ Answer

Total Assets	$ Answer
Total Liabilities	$ Answer
Net Worth	$ Answer

Personal Income Statement
For the Month Ended April 30, 2019
REVENUE
	Decrease -		Increase +
	Revenue
	Transaction # 1 Answer		Answer
	Transaction # 2 Answer		Answer
	Transaction # 3 Answer		Answer
	Transaction # 4 Answer		Answer
	Transaction # 5 Answer		Answer
	Transaction # 6 Answer		Answer
	Transaction # 7 Answer		Answer
			Ending: $ Answer
minus
Expenses
Increase	Decrease		Increase	Decrease
Entertainment			Groceries
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer			Ending: $ Answer
Increase	Decrease		Increase	Decrease
Travel			Miscellaneous
Transaction # 1 Answer	Answer		Transaction # 1 Answer	Answer
Transaction # 2 Answer	Answer		Transaction # 2 Answer	Answer
Transaction # 3 Answer	Answer		Transaction # 3 Answer	Answer
Transaction # 4 Answer	Answer		Transaction # 4 Answer	Answer
Transaction # 5 Answer	Answer		Transaction # 5 Answer	Answer
Transaction # 6 Answer	Answer		Transaction # 6 Answer	Answer
Transaction # 7 Answer	Answer		Transaction # 7 Answer	Answer
Ending: $ Answer			Ending: $ Answer
			Total Revenue	Answer
			Total Expenses	Answer
			Surplus (Deficit)	Answer