Question: Help with completing this Personal Cash Flows Statement given the following amounts PREPARING A PERSONAL BALANCE SHEET Use the following items to prepare a balance
PREPARING A PERSONAL BALANCE SHEET Use the following items to prepare a balance sheet (example on pg. 93), and a cash flow statement (example on pg. 96). Determine total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Staple the balance sheet and cash flow statement to back of this sheet. Rent for the month, $650 Auto insurance, $230 Household possessions, $3,400 Donations, $70 Stereo equipment, $2,350 Payment for electricity, $90 Lunches/parking at work, $180 Restaurant spending, $130 Home computer, $1,500 Value of stock investment, $860 Clothing purchase, $110 Loan payment, s80 Monthly take-home salary, $1,950 Cash in checking account, $450 Savings account balance, $1,890 Spending for food, $345 Balance of educational loan, $2,160 Current value of automobile, $7,800 Telephone bill paid for month, s65 Credit card balance, $235 Total cash inflows: Total cash outflows: Net worth: Total assets: Total liabilities: AME
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