The Profit Bank had a terrible explosion at Data-Center of the bank. So, the whole network is broken down because of this catastrophic event. Unfortunately, the management has found out that there was no proper back-up system existing so there is only one solution left which is constructing balance sheet manually Following are the data provided by accounting department. Please construct the balance sheet and show Total Assets and Total Liabilities in T-account format as we worked on the case study during the lectures. Accounts balances are as follows: BORROWINGS FROM OTHER BANKS 100 350 220 250 60 150 OWNERS EQUITY LOANS COMMERCIAL BANK'S SECURITY PORTFOLIO OTHER LIABILITIES LOANS-INDIVIDUAL CASH & DUE FROM BANKS 100 210 50 450 70 SECURITIES ISSUED BY THE BANK 90 FIXED ASSETS CREDIT CARD RECEIVABLES DEPOSITS OTHER ASSETS

The Profit Bank had a terrible explosion at Data-Center of the bank. So, the whole network is broken down because of this catastrophic event. Unfortunately, the management has found out that there was no proper back-up system existing so there is only one solution left which is constructing balance sheet manually Following are the data provided by accounting department. Please construct the balance sheet and show Total Assets and Total Liabilities in T-account format as we worked on the case study during the lectures. Accounts balances are as follows: BORROWINGS FROM OTHER BANKS 100 350 220 250 60 150 OWNERS EQUITY LOANS COMMERCIAL BANK'S SECURITY PORTFOLIO OTHER LIABILITIES LOANS-INDIVIDUAL CASH & DUE FROM BANKS 100 210 50 450 70 SECURITIES ISSUED BY THE BANK 90 FIXED ASSETS CREDIT CARD RECEIVABLES DEPOSITS OTHER ASSETS

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 40RQSC: Read the following scenario about Strang Corporation and identify the substantive procedures that...

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