ASSETS _ January 1 , 2010 LOCATION BALANCE RATE OF MATURITY CHECKING Compass. Hank\ \$1. 123 INTEREST WIN SAVINGS Wells Fargo $2. 175 1 . 1% NIAN...
Please help!
I am supposed to use the January 1st , 2019 asset and liability information, in order to develop a balance sheet. (Assuming no unpaid bills).
Assets on a balance sheet should be listed at the current fair market value, not the purchase price. Liabilities are listed at the current outstanding balance.
Also need help figuring out her Net Worth!
ASSETS _ January 1 , 2010LOCATIONBALANCERATE OFMATURITYCHECKINGCompass. Hank\\$1. 123INTERESTWINSAVINGSWells Fargo$2. 1751 . 1%NIANMONEYMARKETAmerican State\$4, 7:58Hank1.25%'NIAACCOUNTCOSE _ Trade FlankE - Trade Bank$1 1 , 100$7 . 01002.25%/165/1/20175/1/2010CASH ON HAND$502SECURITY INVESTMENTSSecuritySHARESCost of PlasiaCurrent ValueDatePerTotal\PET\Total200AcquiredShareShare150Bank of America Corp . [BAC5/1997Verizon Communications Ins . (V Z )\12.44\\2, 48 8\15. 8750Apple Inc. ( AAPLY3/2009\]3.58\250Vanguard Mid - Cap ETF IVO ]12/2014\57. 86\\5, 037\45.33\109.90\8/2010\2.893\75. 87\18.567| 120. 8 BAUTOMOBILE ( 5 )Year2010MakeMade!ChevyMalibuCostCurrent Value*$20, 0.00$12. 450REAL & PERSONAL PROPERTY*Furniture and Stereo and TV'sMarket ValueReplacement Value*Clothing and Jewelry$ 33, 0:00$ 62,000Computers , printer , etc$ 15 , 750$ 24, 0.0 05 , 250$Exercise Equipment3. 750Miscellaneous household items9.50.0$ 14, 1005,000|7, 000
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