• Prepare an operating budget for yourself for one month. For revenue, you should include allowances, earned income, financial aid, and/or money you have saved to live on for the following month. List all for the operating expenses you anticipate on a weekly basis, including housing, food, transportation, phone, clothing, car/insurance payments, and incidentals.
• This can be in a table format. It could look something like Figure 13-2. Attached pic example.
• Assess how well you manage your money and write a paragraph on what you do well and what you could improve on.

Chapter 13 . Management of Financial Midtown Dell BALANCE SHEET December 31, 2014 Assets CURRENT ASSETS Cash on hand and in checking in savings Accounts receivable Inventory Prepaid expenses Total Current Assets $28,585 Liabilities and Owner's Equity CURRENT LIABILITIES Accounts payable Accrued expenses Mortgage payable, current Total Current Liabilities $34,156 5,521 67,278 8,590 24,000 5,330 $61,175 5,688 $117,973 FIXED ASSETS Land $375,000 LONG-TERM LIABILITIES Mortgage payable Less current portion Total Liabilities Building Furniture, fixtures, equipment China, glassware, silver Less depreciation Total Fixed Assets $390,047 (24,000) $366,047 402,950 67,000 28,856 (117,000) $756,806 OTHER ASSETS $6,083 $47,000 OWNER'S EQUITY Capital stock Additional paid in capital Retained earnings Total Owner's Equity TOTAL LIABILITIES & OWNER'S EQUITY 365,503 41,137 $453,640 $880,862 $880,862 TOTAL ASSETS FIGURE 13-2 Example of a balance sheet. due during the current year are current liabilities and reduce the long-term mortgage liability, as shown in Figure 13-2. OWNER'S EQUITY The owner's equity or capital section of the balance sheet represents that is the owns interest, along with earnin