Question: Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in

Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second.

Transaction Assets Liabilities Net Worth
Purchased a new television for $1,200 on credit. 1200 1200
1) Purchased $134 worth of fuel on credit.

134

-134

2) Made a $1,140 car loan payment.

-1140

-1140

3) Purchased a desk for $1,050 cash.

1050

-1050

4) Prepaid three months of insurance with $540 cash.

540

-540

5) Received a cash gift of $880.

880

880

6) Used up one of three months of prepaid insurance.

Answer

?

Answer

?

7) Paid interest of $57, in cash, on the car loan.

-57

-57

8) Received a utility bill for $55 to be paid next month.

55

-55

please, answer question no. 6! Thank you.

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