Question: Question 4 (Chapter 2) Construct a balance sheet using the following infomation. Explain your decisions Cash on hand $500 Bank credit card balance 750 Taxes

Question 4 (Chapter 2) Construct a balance sheet using the following

Question 4 (Chapter 2) Construct a balance sheet using the following infomation. Explain your decisions Cash on hand $500 Bank credit card balance 750 Taxes due Utility bills (overdue) Auto loan balance 500 120 6,000 45,000 60,000 1,200 6,000 Mortgage Primary residence Jewelry Stocks Coin collection 2,500 2011 Toyota 7,500 Auto payment 250 Use this outline: BALANCE SHEET Assets Liabilities Current Liquid Assets liabilities Investments Real Property Personal Property Long-Term Liabilities Total Liabilities and Net Worth Total Assets

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