subject
Business, 01.04.2021 20:50 susanc5170

Your uncle repays a $400 loan from Tenth National Bank (TNB) by writing a $400 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan. Your Uncle Assets Liabilities $ $ Tenth National Bank Assets Liabilities $ $ Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your Uncle Assets Liabilities $ $ Tenth National Bank Assets Liabilities $ $ True or False: Your uncle's wealth has not changed. True False

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:00
Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)
Answers: 1
question
Business, 22.06.2019 07:30
Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.
Answers: 1
question
Business, 22.06.2019 11:30
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
Answers: 3
question
Business, 22.06.2019 14:20
Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest
Answers: 1
You know the right answer?
Your uncle repays a $400 loan from Tenth National Bank (TNB) by writing a $400 check from his TNB ch...
Questions
question
Mathematics, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01
question
English, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01
question
Mathematics, 23.10.2020 05:01