anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth…

anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth insurance rent\nwhich statements about the balance sheet are correct? select three choices.\nhealth insurance, and rent will be listed in the liabilities column.\nanna will need to find the total value of her jewelry and bank account.\nthe period of the balance sheet will be one year.\nanna will add the value of the assets and subtract the value of the liabilities.\nthe items in the table will be listed in four columns.

anna is creating a personal balance sheet. she plans to list these items.\nbank account jewelry\nhealth insurance rent\nwhich statements about the balance sheet are correct? select three choices.\nhealth insurance, and rent will be listed in the liabilities column.\nanna will need to find the total value of her jewelry and bank account.\nthe period of the balance sheet will be one year.\nanna will add the value of the assets and subtract the value of the liabilities.\nthe items in the table will be listed in four columns.

Answer

Brief Explanations:

  1. Health insurance premiums and rent are obligations, so they are liabilities.
  2. Jewelry and bank - account are assets, and their total value needs to be calculated for the balance sheet.
  3. The basic accounting equation for a balance sheet is Assets - Liabilities=Equity, so Anna will add asset values and subtract liability values.

Answer:

  • Health insurance, and rent will be listed in the liabilities column.
  • Anna will need to find the total value of her jewelry and bank account.
  • Anna will add the value of the assets and subtract the value of the liabilities.