Question

Here are some details from Jeanine’s financial records.
Is each item an asset or a liability?
Column A Column B
A 1.
She has $4297 in her savings account. A.
B 2 asset
She owes $39,420 on her mortgage. b liability
3.
A She has $25,148 in an investment account.
4.
B She has a balance of $2478 on her car loan

Answer 1

@Mehek14

Answer 2

@mathstudent55

Answer 3

@mathstudent55