Instructions: Write your current savings and everything that you own (clothes, pen, pencil , etc.), Put the estimated amount parallel to your assets or things you owned. Compute the total. .Write the amount that you owed from your friends, family members, parents (tuition). Deduct the amount you owed from the amount they own. Associate the amounts owned with assets and amount owed with liabilities with the net amount as equity.. FORMAT ASSETS P TOTAL ASSETS LIABILITIES From EQUITY