Series 66: Example Of Balance Sheet And Income Statement

Taken from our Series 66 Online Guide

Example of Balance Sheet and Income Statement

Just like a business, an individual’s financial situation may be analyzed by understanding her balance sheet and income statements. Let’s look at Tricia’s financial statements below.

Balance Sheet

Assets

Marketable securities (stocks, ETFs, and mutual funds)

120,000

Cash, CDs, and money market funds

20,000

Treasury securities

60,000

House

400,000

Belongings

10,000

Car

20,000

Total Assets

$630,000

Liabilities

Mortgage

150,000

Utility bills

800

Personal loans

5,000

Total Liabilities

$155,800

NET WORTH

$474,200

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Monthly Income Statement

Monthly Income

Salary net of taxes

4,800

Other income