Suppose that Lena, who has an account at SunTrust Bank, writes a check for $140 to Jose, who has an account at National City Bank. Use following the T-account for SunTrust Bank to show how it is affected after the check clears. Assets Liabilities

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 4.5C
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Suppose that Lena, who has an account at SunTrust Bank, writes a check for $140
to Jose, who has an account at National City Bank.
Use following the T-account for SunTrust Bank to show how it is affected after the check
clears.
Assets
Liabilities
Transcribed Image Text:Suppose that Lena, who has an account at SunTrust Bank, writes a check for $140 to Jose, who has an account at National City Bank. Use following the T-account for SunTrust Bank to show how it is affected after the check clears. Assets Liabilities
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