Show the steps involved in settling the following transaction using the T-Accounts below:

quantities can be made up

wood is 100 dlls car is 500 dlls

Assets = Liabilities + Net Worth a). A household buys a car from a car dealership. To purchase the car, the household draws down its deposits in its bank account. Denote household deposits as Dep. HH and deposits of the car dealership as Dep. CR. HINT: At the end, the sum of the AA columns should equal the sum of the AL/NW columns. Household AA AL/NW Car Dealership AA AL/NW Banks AL/NW A A b). A furniture manufacturing firm in the United States imports wood from Brazil. The importing firm pays for the wood by drawing by its banks deposits. Banks Furniture Firm AA AL/NW Brazilian Wood Exporter L/NW L/NW Assets = Liabilities + Net Worth a). A household buys a car from a car dealership. To purchase the car, the household draws down its deposits in its bank account. Denote household deposits as Dep. HH and deposits of the car dealership as Dep. CR. HINT: At the end, the sum of the AA columns should equal the sum of the AL/NW columns. Household AA AL/NW Car Dealership AA AL/NW Banks AL/NW A A b). A furniture manufacturing firm in the United States imports wood from Brazil. The importing firm pays for the wood by drawing by its banks deposits. Banks Furniture Firm AA AL/NW Brazilian Wood Exporter L/NW L/NW