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

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

$1.$ Received a bank loan of $$4,900.$

Opening Balances

Assets Liabilities

Cash $$4,500$ Unpaid Accounts $$1,800$

Investment $$9,000$ Bank Loan $$1,900$

Contents of Home $$6,800$ Automobile Loan $$5,800$

Automobile $$15,500$ Student Loan $$6,600$

House $$74,900$ Mortgage $$41,900$

Total Liabilities $$58,000$

Net Worth $$52,700$

Total Assets $$110,700$ Liabilities $+$ Net Worth $$110,700$

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

$2.$ Sold investments for the same amount that they were purchased for; $$4,900$ cash.

Opening Balances

Assets Liabilities

Cash $$5,100$ Unpaid Accounts $$2,200$

Investment $$7,200$ Bank Loan $$1,500$

Contents of Home $$5,600$ Automobile Loan $$4,900$

Automobile $$15,500$ Student Loan $$5,500$

House $$86,800$ Mortgage $$47,700$

Total Liabilities $$61,800$

Net Worth $$58,400$

Total Assets $$120,200$ Liabilities $+$ Net Worth $$120,200$

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

$3.$ Paid $$1,700$ to reduce an outstanding mortgage payable $($principal portion$).$

Opening Balances

Assets Liabilities

Cash $$5,100$ Unpaid Accounts $$1,700$

Investment $$1,200$ Bank Loan $$1,200$

Contents of Home $$5,300$ Automobile Loan $$4,500$

Automobile $$15,500$ Student Loan $$5,900$

House $$80,500$ Mortgage $$49,100$

Total Liabilities $$62,400$

Net Worth $$45,200$

Total Assets $$107,600$ Liabilities $+$ Net Worth $$107,600$

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

$4.$ Bought a motorcycle for $$8,900.$ Paid a $$1,100$ deposit with cash and borrowed $$7,800$ from the bank.

Opening Balances

Assets Liabilities

Cash $$4,600$ Unpaid Accounts $$2,000$

Motorcycle $$0$ Bank Loan $$1,700$

Contents of Home $$5,800$ Automobile Loan $$5,000$

Automobile $$15,700$ Student Loan $$5,400$

House $$71,500$ Mortgage $$54,300$

Total Liabilities $$68,400$

Net Worth $$29,200$

Total Assets $$97,600$ Liabilities $+$ Net Worth $$97,600$

Answers

Assets Liabilities

Cash Answer

Unpaid Accounts Answer

Motorcycle 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