Construct a Balance Sheet Using the Following Information

Essay

Construct a balance sheet using the following information.Be sure the format is correct.(Show all work.)
$$\begin{array} { | l | l | } \hline \text { Cash on hand } & \$ 500 \\\hline \text { Bank credit card balance } & 750 \\\hline \text { Taxes due } & 500 \\\hline \text { Utility bills (overdue) } & 120 \\\hline \text { Auto loan balance } & 6,000 \\\hline \text { Mortgage } & 45,000 \\\hline \text { Primary residence } & 60,000 \\\hline \text { Jewelry } & 1,200 \\\hline \text { Stocks } & 6,000 \\\hline \text { Coin collection } & 2,500 \\\hline \text { 2001 Toyota } & 7,500 \\\hline \text { Auto payment } & 250 \\\hline\end{array}$$