Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Construct a balance sheet for the carmex company using
the following information and comment on at least negatives or positives:
cash, $50
checking account, $2,500
student loan balance, $6,000
stocks and bonds, $2,600
savings account at Credit Suisse, $5,850
residence, $110,000
automobile, $12,000
savings account at Swiss Bank, $5,800
automobile loan balance, $12,000
retirement account, $15,000
furniture, clothing, jewelry, $8,000
credit card balance, $4,000
mortgage loan balance, $99,000
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Transcribed Image Text:Construct a balance sheet for the carmex company using the following information and comment on at least negatives or positives: cash, $50 checking account, $2,500 student loan balance, $6,000 stocks and bonds, $2,600 savings account at Credit Suisse, $5,850 residence, $110,000 automobile, $12,000 savings account at Swiss Bank, $5,800 automobile loan balance, $12,000 retirement account, $15,000 furniture, clothing, jewelry, $8,000 credit card balance, $4,000 mortgage loan balance, $99,000
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Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning