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Question:Question: Need a balance sheet , including a line item showing overall Net Worth.

Question:Question:Need a balance sheet, including a line item showing overall Net Worth. (first identify each item as an AssetLiability, etc)


Salary $2000

New Home Cost $100,000

Gas/Heating $100

Electric $125

Water $60

Internet/Cable $150

Home Phone $50

Cell Phone $200

Food $250

Mortgage Payment $796

Car Insurance $165

Savings Balance $500

Checking Balance $1,000

Lawn Service $100

Auto Loan Payment $262

Master Card Balance $5,000 Int. 15%

Visa Card Balance $3,0000 Int. 15%

Bloomingdale Card Balance $1,500 Int 29%

Personal Loan Balance $5,000 Int 5% 60 mos

Mortgage Balance $95,000

New Car Cost $20,000

Gym Membership $20

Personal Loan Payment $94

401K Balance $50,000

Auto Loan Balance $15,000

Visa Payment $60

Bloomingdale Payment $30

Master Card Payment $100

Top Answer

Assets Largest assets New Home cost   $100,000 New Car Cost        $20,000 Salary... View the full answer

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