Complete the balance sheet worksheet with the information from the orange scenario cards. Assets Monetary Assets...

    

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Complete the balance sheet worksheet with the information from the orange scenario cards. Assets Monetary Assets Savings account Checking account Cash Other Total Monetary Assets Tangible Assels Computer Jewelry Furniture Automobile Television Home Liabilities Short-term Liabilities Credit card Medical debt Total Short-term Liabilities Long-term Liabilities Automobile loan Home mortgage Furniture loan Student loan $ Total Tangible Assets Investment Assets Roth IRA 401K Retirement Account Total Investment Assets Total Assets Assets Liabilities Net Worth Total Long-term Liabilities Total Liabilities Use the following scenario cards to fill out the Balance Sheet worksheet. You have $1250 in your checking account. You purchased new furniture for your apartment. It is valued at $1.000, but you still owe $400. You participate in your employer's 401k program. You have saved $5,000 You have $1750 in your revolving savings account. Your car is valued at $5,000, but you still owe $1.500. You need a root canal procedure at your dentist office. You owe $400 You purchased a computer last summer and it is valued at $500. You owe $300 on a credit card. You just cashed your income tax refund of $1,000. You received a graduation gift of a watch and it is valued at $300. You have put $1,000 into a Roth IRA You purchased a flat-screen TV that is valued at $500. You have $75 in cash. You have a student loan balance of $20,000. You purchase a condo for $60,000 and you owe $45.000. You and your best friend move into your new condo. They pay you $450 a month in rent. Complete the balance sheet worksheet with the information from the orange scenario cards. Assets Monetary Assets Savings account Checking account Cash Other Total Monetary Assets Tangible Assels Computer Jewelry Furniture Automobile Television Home Liabilities Short-term Liabilities Credit card Medical debt Total Short-term Liabilities Long-term Liabilities Automobile loan Home mortgage Furniture loan Student loan $ Total Tangible Assets Investment Assets Roth IRA 401K Retirement Account Total Investment Assets Total Assets Assets Liabilities Net Worth Total Long-term Liabilities Total Liabilities Use the following scenario cards to fill out the Balance Sheet worksheet. You have $1250 in your checking account. You purchased new furniture for your apartment. It is valued at $1.000, but you still owe $400. You participate in your employer's 401k program. You have saved $5,000 You have $1750 in your revolving savings account. Your car is valued at $5,000, but you still owe $1.500. You need a root canal procedure at your dentist office. You owe $400 You purchased a computer last summer and it is valued at $500. You owe $300 on a credit card. You just cashed your income tax refund of $1,000. You received a graduation gift of a watch and it is valued at $300. You have put $1,000 into a Roth IRA You purchased a flat-screen TV that is valued at $500. You have $75 in cash. You have a student loan balance of $20,000. You purchase a condo for $60,000 and you owe $45.000. You and your best friend move into your new condo. They pay you $450 a month in rent.

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Based on the scenario cards provided lets complete the balance sheet worksheet Assets Mon... View the full answer