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In: Accounting

Construct a balance sheet and Income statement for Boca State Bank with the following information. Investment...

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

Solutions

Expert Solution

Since it's a bank the loans are assets while deposits are liabilities.

ekkarill92 answered 3 years ago
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