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The balance sheet for the newly formed ACME Bank is shown below. Reserves 1; 116,000 Checkab'e $ 110,000 deposits Property $ 254.000 Stock shares $

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The balance sheet for the newly formed ACME Bank is shown below. Reserves 1; 116,000 Checkab'e $ 110,000 deposits Property $ 254.000 Stock shares $ 260,000 Instructions: Enter your answers as whole numbers. a. Toshi, the owner of Toshi's Produce, negotiates with the bank to obtain a $26,500 loan to buy a new delivery truck. The amount of the loan is added to the available balance of Toshl's checking account. Fill in the new values that will appear in the balance sheet immediately after the loan is nalized. Checkable deposits Reserves Loans Property b. Toshi writes a check from his checking account to purchase the delivery truck from Bob's Motors for the loan amount of $26,500. Bob's Motors deposits the check in its checking account at some other bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. Checkable deposits Reserves Loans Property

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