Marsha Jones is a recent college graduate. She worked during college and managed to save $2,000 in
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Question:
Marsha Jones is a recent college graduate. She worked during college and managed to save $2,000 in her savings account. The balance of her checking account (cash) is $440. During her freshman year, Marsha used a credit card and now owes $1,250 to that credit card company. She has two school loans: one for $5,000 and the other one for $3,000. She also has a car loan that started out at $12,500, which she owes $4,600. Use this information to fill in Marsha's Balance Sheet below for today's date.
Marsha Jones | |||
Balance Sheet | |||
Date: | |||
Assets | Amount | Liabilities | Amount |
Total Assets | Total Liabilities | ||
Owner's Equity (or Net Worth) |
Posted Date: