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  • Bacaron Nilyn

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    Andrian Carcasona
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    Erin earned a salary of $45,000 for the year. Total income for the year was $75,650, which included interest received of $500 and dividends received of $150. According to the balance sheet dated December 31, 2022, Erin's total assets were $189,900, including $150,000 in real estate and $30,200 in personal property. Total liabilities were $113,400, including a mortgage of $100,000, leaving a net worth of $76,500.

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    Erin earned a salary of $45,000 for the year. Total income for the year was $75,650, which included interest received of $500 and dividends received of $150. According to the balance sheet dated December 31, 2022, Erin's total assets were $189,900, including $150,000 in real estate and $30,200 in personal property. Total liabilities were $113,400, including a mortgage of $100,000, leaving a net worth of $76,500.

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    3 views2 pages

    Bacaron Nilyn

    Uploaded by

    Andrian Carcasona
    Erin earned a salary of $45,000 for the year. Total income for the year was $75,650, which included interest received of $500 and dividends received of $150. According to the balance sheet dated December 31, 2022, Erin's total assets were $189,900, including $150,000 in real estate and $30,200 in personal property. Total liabilities were $113,400, including a mortgage of $100,000, leaving a net worth of $76,500.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Income Statement

    Erin salary $45,000


    Ave salary 30,000
    Interest received 500
    Dividends received 150
    Total income $75,650

    MONEY INCOME
    Balance Sheet
    December 31,2022

    Assets

    Current asset

    Cash $300
    Checking 3,000
    Saving 1,200
    Money market funds
    1,200
    Total liquid assets $5,700

    IBM stock $2,000


    Retirement funds, IRA
    2,000
    Total investment $4,000

    Total real estate


    $150,000

    2014 Sebring 15,000


    2010 Jeep 8,000
    Jewelry and Artwork
    3,000
    Household Furnishing
    4,200
    Total Personal Property
    $30,200
    Total Assets $189,900

    Liabilities and Net Worth

    Current liabilities
    Medical bills payable
    Utility bills payable 150
    Credit card balance 2,OOO
    Total current liabilities $2,400

    Auto loan $8,000


    Mortgage 100,000
    Personal loan 3,000
    Total long-term liabilities $111,000

    Total liabilities $113,400


    Total Net Worth 76,500
    Total liabilities and Net worth $189,900

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