Question 1 (1.4 points) Ms. Smith and Mr. Jones have their checkable deposits at XYZ Bank. Ms. Smith writes a check for $500 to Mr. Jones for an old copy of Adam Smith's "Wealth of Nations" (1776). How would this transaction be recorded on the books of XYZ Bank? Debit Ms. Smith $500; creditMr. Jones $500 Credit Ms. Smith $500; credit Mr. Jones $500 Debt Mr. Jones $500; credit Ms. Smith $500 Debit Ms. Smith $500; debit Mr. Jones $500 aved Save