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  1. business
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  3. use the following items to prepare a balance sheet

Use the following items to prepare a balance sheet and a cash flow statement. Determine...

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Accounting

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Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month Cash in checking account Spending for food Current value of automobile Credit card balance Auto insurance Stereo equipment Lunches/parking at work Home computer Clothing purchase $ 1,240 Monthly take-home salary 580 Savings account balance 670 Balance of educational loan 8,410 Telephone bill paid for month 258 Loan payment 318 Household possessions 2,880 Payment for electricity 226 Donations 1,720 Value of stock investment 163 Restaurant spending $ 3,390 2,280 3,090 159 125 4,210 190 92 920 207 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows Total cash outflows

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