contestada

Anthony Clement is applying for a car loan. The lending institution requires a personal net worth statement. Anthony currently has $1,085.00 in cash, and his camera is worth $635.00. He also owes Vista Travel $305.00 and Kelley Electronics $83.00. Complete a net worth statement for Anthony Clement. Select Current Date in the appropriate field. In each section, enter items in descending order of amount.


Accounting 1

Respuesta :

Answer:  Anthony's net worth is $1322.

The personal net worth statement of Anthony Clement

Assets:

Cash                                    1085

Camera                                 635    

Total Assets                     1720  (1085+635)

Liabilities:

Owed to Vista Travel               305

Owed to Kelley Electronics        83  

Total Liabilities                          388   (305+83)ony's net wprth os

Net Worth                            [tex]1720 - 388 = 1332[/tex]