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The balance sheet below shows the initial positions of the accounts on a hypothetical bank's balance sheet. In each of the questions that follow, you'll
The balance sheet below shows the initial positions of the accounts on a hypothetical bank's balance sheet. In each of the questions that follow, you'll be given a transaction that will affect the balance sheet. Any transaction must affect at least two accounts - because the balance sheet must always balance. If the bank acquires an asset, for example, it must pay for it either by giving up some other asset, acquiring a liability, or acquiring more capital. Your job is to enter the new balances in all of the accounts after the given transaction has taken place. (The units are in millions of dollars) In the table below, show how the balance sheet would look after the bank accepts $500 million in cash from new depositors. Do not use dollar signs, commas, or decimal points. Continuing with the previous problem, how will the balance sheet look after the bank lends $400 million of its newly acquired cash to assorted borrowers? Do not use dollar signs, commas, or decimal points. Continuing with the previous problem, how will the balance sheet look following a $2, 000 million default from one of its loan customers? That is, someone to whom the bank had loaned $2, 000 million informs the bank that they cannot repay the loan. Do not use dollar signs, commas, or decimal points
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