Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank balance sheets labelled Answers.

Do not enter dollar signs or commas in the input boxes.

1. Akira received a student loan of $5,900.

Opening Balances

Assets		Liabilities
Cash	$4,400	Unpaid Accounts	$2,200
Investment	$7,900	Bank Loan	$1,800
Contents of Home	$6,500	Automobile Loan	$4,500
Automobile	$24,100	Student Loan	$5,400
House	$81,100	Mortgage	$58,100
		Total Liabilities	$72,000
		Net Worth	$52,000
Total Assets	$124,000	Liabilities + Net Worth	$124,000

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Investment	Answer	Bank Loan	Answer
Contents of Home	Answer	Automobile Loan	Answer
Automobile	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

2. Indira purchased $3,800 worth of investments in cash.

Opening Balances

Assets		Liabilities
Cash	$4,300	Unpaid Accounts	$2,300
Investment	$7,200	Bank Loan	$2,000
Contents of Home	$5,500	Automobile Loan	$5,500
Automobile	$24,600	Student Loan	$6,300
House	$84,700	Mortgage	$43,200
		Total Liabilities	$59,300
		Net Worth	$67,000
Total Assets	$126,300	Liabilities + Net Worth	$126,300

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Investment	Answer	Bank Loan	Answer
Contents of Home	Answer	Automobile Loan	Answer
Automobile	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

3. Lloyd paid $600 to reduce an outstanding automobile loan (principal portion).

Opening Balances

Assets		Liabilities
Cash	$5,600	Unpaid Accounts	$1,700
Investment	$1,200	Bank Loan	$1,500
Contents of Home	$6,700	Automobile Loan	$4,500
Automobile	$24,900	Student Loan	$5,900
House	$72,900	Mortgage	$41,200
		Total Liabilities	$54,800
		Net Worth	$56,500
Total Assets	$111,300	Liabilities + Net Worth	$111,300

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Investment	Answer	Bank Loan	Answer
Contents of Home	Answer	Automobile Loan	Answer
Automobile	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer

4. Daniella bought a boat for $8,500. Paid a $1,700 deposit with cash and borrowed $6,800 from the bank.

Opening Balances

Assets		Liabilities
Cash	$5,900	Unpaid Accounts	$2,400
Boat	$0	Bank Loan	$1,700
Contents of Home	$5,700	Automobile Loan	$5,400
Automobile	$23,800	Student Loan	$5,500
House	$70,500	Mortgage	$53,500
		Total Liabilities	$68,500
		Net Worth	$37,400
Total Assets	$105,900	Liabilities + Net Worth	$105,900

Answers

Assets		Liabilities
Cash	Answer	Unpaid Accounts	Answer
Boat	Answer	Bank Loan	Answer
Contents of Home	Answer	Automobile Loan	Answer
Automobile	Answer	Student Loan	Answer
House	Answer	Mortgage	Answer
		Total Liabilities	Answer
		Net Worth	Answer
Total Assets	Answer	Liabilities + Net Worth	Answer