2. Ella has $150 in cash, $2,000 in her bank account, 100 shares in Apple...
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Accounting
2. Ella has $150 in cash, $2,000 in her bank account, 100 shares in Apple valued at $15 each, a car worth $3,000 on which she has an outstanding loan of $1,200. She also owes her friend Bella $500, and has an unpaid cellphone bill of $200, and a credit card balance of $300. Construct Ella's balance sheet and determine her net worth. Net Worth: Suppose during the next month, Ella earns $3,000. She spends $2,300 on rent and other living expenses, and uses some of her leftover earnings to pay off her credit card and cellphone bills. Meanwhile, the value of Apple shares falls to $14. How has her net worth changed
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2. Ella has $150 in cash, $2,000 in her bank account, 100 shares in Apple valued at $15 each, a car worth $3,000 on which she has an outstanding loan of $1,200. She also owes her friend Bella $500, and has an unpaid cellphone bill of $200, and a credit card balance of $300. Construct Ella's balance sheet and determine her net worth. Net Worth: Suppose during the next month, Ella earns $3,000. She spends $2,300 on rent and other living expenses, and uses some of her leftover earnings to pay off her credit card and cellphone bills. Meanwhile, the value of Apple shares falls to $14. How has her net worth changed 