Construct a balance sheet and display it here, using the following information. Be sure the...
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Finance
Construct a balance sheet and display it here, using the following information. Be sure the format is correct. (Show all work.)
| Cash on hand | $ 75 |
| Bank credit card balance | 1,200 |
| Utility bill (overdue) | 100 |
| Auto loan balance | 3,500 |
| Mortgage | 75,000 |
| Primary residence | 105,000 |
| Jewelry | 2,000 |
| Stocks | 17,500 |
| Coin collection | 2,500 |
| 2001 Toyota | 7,500 |
In you opinion, what categories listed on your Balance Sheet can consistently cause an imbalance in your budget? Respond with at least a 100 word reply, substantiating your answer using your textbook, personal experience and other resources.
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