Question: Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, and total
Using the data below prepare a balance sheet and cash flow statement. Determine the total asset, total liabilities, net worth, total cash inflow, and total outflowi. Rent for the month$ii Monthly take home pay$iii. Cash in chequing account $iv Savings account balance$v Spending for food$vi Balance of educational loan$vii. Current value of automobile$viii. Telephone bill monthly$ix Credit card balance$x Loan payment$xi Auto insurance$xii. Household possessions$xiii. Stereo equipment$xiv. Electricity payment $xv Lunches and parking at work$xvi. Donations$xvii. Home computer$xviii. Value of stock investment$xix. Clothing purchase$xx Restaurant spending$
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