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Asset/Liability Sub-total $70 180 650 900 Cash on hand Balance in checking account Balance in...

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Finance

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Asset/Liability Sub-total $70 180 650 900 Cash on hand Balance in checking account Balance in money market deposit account with Northwest Savings Bills outstanding Telephone Electricity Charge account balance Visa MasterCard Taxes Insurance Condo and property Condo mortgage loan Automobile: 2012 Honda Civic Installment loan balances: Auto loans Furniture loan $20 70 190 180 220 400 220 $1,300 68,000 52,000 9,775 3,000 500 3,500 1,050 900 1,950 Personal property: Furniture Clothing Investments: U.S. government savings bonds Stock of Alpha Corp. 500 3,000 3,500 1. From the data given, prepare Leslie Eastman's balance sheet, dated June 30, 2016 (follow the balance sheet form shown in Worksheet 2.1). 2. Then evaluate her balance sheet relative to the following factors: (a) solvency, (b) liquidity, and (c) equity in her dominant asset. BALANCE SHEET Date Name(s) ASSETS $ Liquid Assets Cash on hand In checking Savings accounts Money market funds and deposits Certificates of deposit (

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