Question
Suppose that Wells Fargo lends $100,000 to Jill's Jerseys. a) Explain which accounts in the bank's balance sheet will change as a result of the
Suppose that Wells Fargo lends $100,000 to Jill's Jerseys.
a) Explain which accounts in the bank's balance sheet will change as a result of the
loan.
b) If Jill spends the money to buy materials from Zach Zippers, which has its checking account with PNC Bank, show the effect of this transaction on Wells Fargo's balance sheet.
c) What is the total change in Wells Fargo's asses and liabilities?
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
