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Dorothy Had $750 in Cash, $34,300 Dollars in Stock, $5,500

Question 24

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Dorothy had $750 in cash, $34,300 dollars in stock, $5,500 dollars in bonds, and owned a car worth $3,000. She had $1,500 in credit card payments and an education loan of $24,000 with payments not due to begin for three years and a mortgage loan of $200,000 with $7,000 due this year. She owned a home worth $350,000, furniture and fixtures of $1,500, appliances with a value of $1,000, and jewelry of $1,000. She expects to pay her mortgage and other obligations from current year's earnings. Please create her household balance sheet.

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