4. A bank\'s balance sheet Aa Aa A group of citizens of the country of Smal Best

Question

4. A bank's balance sheet Aa Aa A group of citizens of the country of Smal Best National Bank used $135,000 of this to purchase a building and furniture for the bank. lbangistan recently raised $150,000 in capital to found Best National Bank. Use the Information just give n to complete the following table showing Best National Bank's balance sheet. Best National Bank's Balance Sheet Liabilities and Capital Capital Assets Cash $135,000 Total Total Now Aluna Ngumi opens a new chequing account at Best National Bank and makes an initial deposit of $45,000 in currency. Fill in the following table to show Best National Bank's balance sheet just after Aluna's deposit. Best National Bank's Balance Sheet Liabilities and Capital Demand deposits Assets $60,000 $150,000 Property Total Total

Explanation / Answer

(1)

Capital = $150,000 = Total assets

Building & Furniture = $135,000

Cash = Total assets - Building & Furniture = $150,000 - $135,000 = $15,000

(2)

ASSETS $ LIABILITIES & CAPITAL $ Cash 15,000 Capital 150,000 Property 135,000 TOTAL TOTAL 150,000

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