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Consider Jasper's balance sheet.

| Assets | Value | Liabilities | Value |
|----------------|------------|----------------|----------|
| Cash | [tex]$1,100 | Credit card | $[/tex]500 |
| Investments | [tex]$2,300 | Rent | $[/tex]900 |
| Car | [tex]$12,000 | Car loan | $[/tex]3,000 |
| Guitar | [tex]$400 | | |
| \ \textless \ strong\ \textgreater \ Total\ \textless \ /strong\ \textgreater \ | \ \textless \ strong\ \textgreater \ ???\ \textless \ /strong\ \textgreater \ | \ \textless \ strong\ \textgreater \ Total\ \textless \ /strong\ \textgreater \ | \ \textless \ strong\ \textgreater \ ???\ \textless \ /strong\ \textgreater \ |

1. What is the total value of Jasper's assets?
$[/tex]\square[tex]$

2. What is the total value of Jasper's liabilities?
$[/tex]\square$



Answer :

GinnyAnswer
To determine the totals on Jasper Diaz's balance sheet, let's summarize and add up the given assets and liabilities step-by-step.

### Assets:

1. Cash: \[tex]$1,100 2. Investments: \$[/tex]2,300
3. Car: \[tex]$12,000 4. Guitar: \$[/tex]400

To find the total value of the assets, we add these individual amounts:

[tex]\[ 1,100 + 2,300 + 12,000 + 400 \][/tex]

When we sum these values:

[tex]\[ 1,100 + 2,300 = 3,400 \][/tex]
[tex]\[ 3,400 + 12,000 = 15,400 \][/tex]
[tex]\[ 15,400 + 400 = 15,800 \][/tex]

Therefore, the total value of Jasper's assets is:

[tex]\[ \$15,800 \][/tex]

### Liabilities:

1. Credit Card: \[tex]$500 2. Rent: \$[/tex]900
3. Car Loan: \[tex]$3,000 To find the total value of the liabilities, we add these individual amounts: \[ 500 + 900 + 3,000 \] When we sum these values: \[ 500 + 900 = 1,400 \] \[ 1,400 + 3,000 = 4,400 \] Therefore, the total value of Jasper's liabilities is: \[ \$[/tex]4,400 \]

### Summary:
- The total value of Jasper's assets is [tex]\( \$15,800 \)[/tex].
- The total value of Jasper's liabilities is [tex]\( \$4,400 \)[/tex].

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