Suppose that Riverview Community Bank loans out all of its excess reserves that resulted from the $178,000 Fed bond purchase to Ms. Barlett who uses the funds to purchase a house from Mr. Rho. Mr. Rho deposits the proceeds of the home sale into his checking account at Waterfield Bank. Illustrate the T-account for Waterfield Bank after this transaction has occurred.

Question

13-04-2021
Business

contestada

Suppose that Riverview Community Bank loans out all of its excess reserves that resulted from the $178,000 Fed bond purchase to Ms. Barlett who uses the funds to purchase a house from Mr. Rho. Mr. Rho deposits the proceeds of the home sale into his checking account at Waterfield Bank. Illustrate the T-account for Waterfield Bank after this transaction has occurred.

Respuesta :

Otras preguntas

In the local coed softball league the male to female ratio is 6:6 if there are a 160 players in the league how many are female

in ancient Egyptian civilization the women were not given any rights.

PLEASE HELP LAST QUESTION I GIVE THANKS

In the number 8444 what is the relationship betwee n the 4s? Think about the value of each 4 to help you find your answer

During colonial times, a system of international interdependence developed between the American colonies and Europe. Which of the following correctly illustrate

oak,maple and beech trees, which one loses their leaves each year and are typically found in ??????? forest

The industrial revolution in the United States is made possible by: Sufficient capital, England's industrial revolution, the Indians. P.S.: more than one answer

Dan earns $5.95 per hour working after school. He needs at least $215 for his holiday shopping. Write and solve an inequality to show how many hours must he wor

Look at the picture for the question please show work.

what is the chief purpose of the executive branch?

amcool amcool · Answer 1 · 2021-04-16T10:51:01+02:00

Answer:

The deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.

Explanation:

Note: See the attached photo for the T-account Illustration for Waterfield Bank after this transaction has occurred.

The the proceeds of the home sale deposited by Mr. Rho into his checking account at Waterfield Bank is liability to Waterfield Bank. Therefore, the deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.