Suppose that Wells Fargo lends $$280,000$ to Jamal's Jerseys. Using T$-$accounts, show how this transaction is recorded on the bank's balance sheet. $($Enter your responses as an integer. Include a

minus sign to indicate a negative change, but do not include a plus sign for a positive change.$)$

Wells Fargo

If Jamal's spends the money to buy materials from Zach's Zippers, which has its checking account at PNC Bank, show the effect on Wells Fargo's balance sheet. $($Enter your responses as an

integer. Include a minus sign to indicate a negative change, but do not include a plus sign for a positive change.$)$

Wells Fargo

What is the total change in Wells Fargo's assets and liabilities?

A$.$ The total change in assets is zero, with an additional $$280,000$ in loans and a loss of $$280,000$ of reserves. The total change in liabilities is $-$$$280,000.$

B$.$ The total change in assets is zero, with a loss of $$280,000$ in loans and an additional $$280,000$ of reserves. The total change in liabilities is $$280,000.$

C$.$ The total change in assets is zero, with an additional $$280,000$ in loans and a loss of $$280,000$ of reserves. The total change in liabilities is zero, with the $$280,000$ checking account being

spent.

D$.$ The total change in assets is zero, with a loss of $$280,000$ in loans and an additional $$280,000$ of reserves. The total change in liabilities is zero, with the $$280,000$ checking account being

spent.