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brilliants [131]
3 years ago
14

Anthony Clement is applying for a car loan. The lending institution requires a personal net worth statement. Anthony currently h

as $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
Business
1 answer:
ozzi3 years ago
6 0

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                            1720 - 388 = 1332


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