1 / 3

FIN 353 Using T-accounts,summarize the following transactions/tutorialoutlet

FOR MORE CLASSES VISIT<br>tutorialoutletdotcom <br><br>Using T-accounts (template below), to summarize the following transactions (6 points)<br>a. Snow opened a checkable account at BANK ABC with $100 cash. Let’s assume<br>that BANK ABC put all the vault cash from this transaction as part of the bank’s<br>reserves. How should the T account looks like in this case?<br>

Warde
Télécharger la présentation

FIN 353 Using T-accounts,summarize the following transactions/tutorialoutlet

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EDUCATIONAL COURSESTUTORIALOUTLET.COM

  2. FIN 353 Using T-accounts,summarize the following transactions • FOR MORE CLASSES VISIT • tutorialoutletdotcom • Using T-accounts (template below), to summarize the following transactions (6 points)a. Snow opened a checkable account at BANK ABC with $100 cash. Let’s assumethat BANK ABC put all the vault cash from this transaction as part of the bank’sreserves. How should the T account looks like in this case?Assets Cash $1000 BANK ABCLiabilitiesCheckable Deposits $1000 b.Let’s assume the reserve ratio is 8% for BANK ABC.

  3. EDUCATIONAL COURSES TUTORIALOUTLET.COM

More Related