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 $5,700.

Opening Balances

Assets		Liabilities
Cash	$5,400	Unpaid Accounts	$2,100
Investment	$8,400	Bank Loan	$1,100
Contents of Home	$5,400	Automobile Loan	$5,000
Automobile	$18,900	Student Loan	$6,700
House	$80,000	Mortgage	$53,200
		Total Liabilities	$68,100
		Net Worth	$50,000
Total Assets	$118,100	Liabilities + Net Worth	$118,100

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; $4,500 cash.

Opening Balances

Assets		Liabilities
Cash	$4,100	Unpaid Accounts	$2,100
Investment	$7,600	Bank Loan	$1,900
Contents of Home	$6,300	Automobile Loan	$5,000
Automobile	$23,500	Student Loan	$6,900
House	$73,500	Mortgage	$47,700
		Total Liabilities	$63,600
		Net Worth	$51,400
Total Assets	$115,000	Liabilities + Net Worth	$115,000

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

3. Paid $1,500 to reduce an outstanding mortgage payable (principal portion).

Opening Balances

Assets		Liabilities
Cash	$5,600	Unpaid Accounts	$2,300
Investment	$1,200	Bank Loan	$1,100
Contents of Home	$5,500	Automobile Loan	$5,200
Automobile	$24,900	Student Loan	$6,900
House	$89,000	Mortgage	$58,500
		Total Liabilities	$74,000
		Net Worth	$52,200
Total Assets	$126,200	Liabilities + Net Worth	$126,200

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

4. Bought a boat for $8,100. Paid a $1,800 deposit with cash and borrowed $6,300 from the bank.

Opening Balances

Assets		Liabilities
Cash	$4,400	Unpaid Accounts	$2,100
Boat	$0	Bank Loan	$1,900
Contents of Home	$6,200	Automobile Loan	$5,900
Automobile	$19,500	Student Loan	$6,100
House	$82,700	Mortgage	$40,800
		Total Liabilities	$56,800
		Net Worth	$56,000
Total Assets	$112,800	Liabilities + Net Worth	$112,800

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