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For each of the following transactions, which items on a bank's statement of income and expenses ( Report of Income ) would be affected? a
For each of the following transactions, which items on a bank's statement of income and expenses Report of Income
would be affected?
a Office supplies are purchased so the bank will have enough deposit slips and other necessary forms for customer
and employee use next week.
b The bank sets aside funds to be contributed through its monthly payroll to the employee pension plan in the name of all its eligible employees.
c The bank posts the amount of interest earned on the savings account of one of its customers.
d Management expects that among a series of real estate loans recently granted the default rate will probably be
close to percent.
e Mr and Mrs Harold Jones just purchased a safety deposit box to hold their stock certificates and wills.
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