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].
