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Construct a Balance Sheet Using the Following Information

Question 96

Essay

Construct a balance sheet 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 2,5002001 Toyota 7,500\begin{array} { | l | l | } \hline \text { Cash on hand } & \$ 75 \\\hline \text { Bank credit card balance } & 1,200 \\\hline \text { Utility bill (overdue) } & 100 \\\hline \text { Auto loan balance } & 3,500 \\\hline \text { Mortgage } & 75,000 \\\hline \text { Primary residence } & 105,000 \\\hline \text { Jewelry } & 2,000 \\\hline \text { Stocks } & 17,500 \\\hline \text { Coin collection } & 2,500 \\\hline 2001 \text { Toyota } & 7,500 \\\hline\end{array}

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