Question
Compose a bank Balance Sheet from the following information (not all items are relevant): Investment Securities $23,000; Demand Deposits $19,000; Now accounts $89,000; Cash and
Compose a bank Balance Sheet from the following information (not all items are relevant): 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.
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