Business, 06.04.2020 15:20, lbab

Your uncle repays a $350 loan from Tenth National Bank (TNB) by writing a $350 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank.
a. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan.
O Your Uncle
Assets Liabilities
O Tenth National Bank
Assets Liabilities
b. Complete the following T-accounts for your uncle and TNB after your uncle repays the loan. O Your Uncle
Assets Liabilities
O Tenth National Bank
Assets Liabilities
c. Your uncle’s wealth has changed.
O True
O False

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Your uncle repays a $350 loan from Tenth National Bank (TNB) by writing a $350 check from his TNB ch...