FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Stan and Julie Wallace have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there
is never anything left over to save. They talked with their parents who suggested that they prepare an income and expense statement.
Stan and Julie put together the following worksheet.
Car payment
Stan's commission
Commuter train pass (year)
Apple dividend
Renter's Insurance (year)
Puget Sound Energy bill
Verizon bill
Rent
Worksheet
$410
3,375
3,300
163
330
110
105
550
Savings account interest
School loan
Taxes
Stan
Julie
Wages & salaries
Stan
Julie
$39
165
4,050
3,848
22,500
21,375
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Transcribed Image Text:Stan and Julie Wallace have been married for over two years. They have been trying to save for a down payment on a house, but they feel that there is never anything left over to save. They talked with their parents who suggested that they prepare an income and expense statement. Stan and Julie put together the following worksheet. Car payment Stan's commission Commuter train pass (year) Apple dividend Renter's Insurance (year) Puget Sound Energy bill Verizon bill Rent Worksheet $410 3,375 3,300 163 330 110 105 550 Savings account interest School loan Taxes Stan Julie Wages & salaries Stan Julie $39 165 4,050 3,848 22,500 21,375
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