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FIN 353 Using T-accounts,summarize the following transactions/tutorialoutlet

FOR MORE CLASSES VISIT<br>tutorialoutletdotcom <br><br>Using T-accounts (template below), to summarize the following transactions (6 points)<br>a. Snow opened a checkable account at BANK ABC with $100 cash. Let’s assume<br>that BANK ABC put all the vault cash from this transaction as part of the bank’s<br>reserves. How should the T account looks like in this case?<br>

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FIN 353 Using T-accounts,summarize the following transactions/tutorialoutlet

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  1. EDUCATIONAL COURSESTUTORIALOUTLET.COM

  2. FIN 353 Using T-accounts,summarize the following transactions • FOR MORE CLASSES VISIT • tutorialoutletdotcom • Using T-accounts (template below), to summarize the following transactions (6 points)a. Snow opened a checkable account at BANK ABC with $100 cash. Let’s assumethat BANK ABC put all the vault cash from this transaction as part of the bank’sreserves. How should the T account looks like in this case?Assets Cash $1000 BANK ABCLiabilitiesCheckable Deposits $1000 b.Let’s assume the reserve ratio is 8% for BANK ABC.

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