Question: I cretated a balance sheet from the below sheet items. I keep getting the wrong net worth value and no able to balance the number.
| I cretated a balance sheet from the below sheet items. I keep getting the wrong net worth value and no able to balance the number. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial data of the household I created a balance sheet Balance Sheet Items (as of 12/31/2014) Investment Assets $105,800 Total Assets $375,800 Net Worth $130,200 Balance Sheet Items (as of 12/31/2015) Checking Account Balance $3,000 Savings Account Balance $3,750 401 (k) Balance - Wilma $52,500 401 (k) Balance - Fred $57,250 529 Plan Balance $2,500 House Value $215,000 Automobile Value - Wilma $19,500 Automobile Value - Fred $17,500 Jewelry Value $2,500 Furniture Value $7,250 Credit Cards Balance $10,900 Next Year's Mortgage Payment due - Principal $23,500 Next Year's Auto Loan Payments - Principal $4,950 Mortgage Balance on House $209,500 Auto Loan Balance $27,500 Balance sheet items as of 12/31/2017 investment assets $105,800 total assets $375,800 net worth $130,200
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