b. Toshi writes a check from his checking account to purchase the delivery truck from Bob's Motors for the loan amount of $28,000. Bob's Motors deposits the check in its checking account at some other bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. ACME Bank Balance Sheet 3 Assets Liabilities and net worth Checkable Reserves deposits Loans Stock shares Property c. How much in additional loans can ACME Bank make to its other customers if the reserve requirement is 20 percent? The balance sheet for the newly formed ACME Bank is shown below. Assets ACME Bank Balance Sheet 1 Liabilities and net worth Checkable $ 151,000 $ 140,000 deposits $ 275,000 Stock shares $ 286,000 Reserves Property Instructions: Enter your answers as whole numbers. a. Toshi, the owner of Toshi's Produce, negotiates with the bank to obtain a $28,000 loan to buy a new delivery truck. The amount of the loan is added to the available balance of Toshi's checking account. Fill in the new values that will appear in the balance sheet immediately after the loan is finalized. Assets ACME Bank Balance Sheet 2 Liabilities and net worth Checkable deposits Stock shares Reserves Loans Property b. Toshi writes a check from his checking account to purchase the delivery truck from Bob's Motors for the loan amount of $28,000. Bob's Motors deposits the check in its checking account at some other bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. ACME Bank Balance Sheet 3 Assets Liabilities and net worth Checkable Reserves deposits Loans Stock shares Property c. How much in additional loans can ACME Bank make to its other customers if the reserve requirement is 20 percent? The balance sheet for the newly formed ACME Bank is shown below. Assets ACME Bank Balance Sheet 1 Liabilities and net worth Checkable $ 151,000 $ 140,000 deposits $ 275,000 Stock shares $ 286,000 Reserves Property Instructions: Enter your answers as whole numbers. a. Toshi, the owner of Toshi's Produce, negotiates with the bank to obtain a $28,000 loan to buy a new delivery truck. The amount of the loan is added to the available balance of Toshi's checking account. Fill in the new values that will appear in the balance sheet immediately after the loan is finalized. Assets ACME Bank Balance Sheet 2 Liabilities and net worth Checkable deposits Stock shares Reserves Loans Property
