A) Using and representinga balance sheet, show what happens when Bob opens a checking account with...

A) Using and representinga balance sheet, show what happens when Bob opens a checking account with $200 at Bank of America.

B) What happens when he opens a checking account with a check from another bank? Show this in a separate balance sheet.

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Answer:

A) Bob opens a checking a/c at Bank of America. His Balance sheet will look as below:

B) Bob opens a checking a/c with Bank of America with a cheque from another bank. The balance sheet will look as below:

Rahul Sunny answered 9 months ago

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