In: Accounting
Construct a balance sheet and Income statement for Boca State Bank with the following information. |
Investment Securities | $23,000 |
Demand Deposits | $19,000 |
Now accounts | $89,000 |
Cash and due from banks | $9,000 |
Taxes | $3,000 |
Interest on fees and loans | $9,000 |
Retail CDs | $28,000 |
Long term debt | $19,000 |
Reverse Repos | $42,000 |
Interest on investment securities | $4,000 |
Interest on long term debt | $2,000 |
Loans | $90,000 |
Fixed Assets | $15,000 |
Interest on reverse repos | $6,000 |
Interest on deposits | $9,000 |
Other assets | $4,000 |
Paid in capital | $4,000 |
Retained earnings | $12,000 |
Common stock | $12,000 |
Interest on deposits in other banks | $1,000 |
Provision for loan losses | $2,000 |
Other income | $2,000 |
Other expenses | $1,000 |