Question: Checking accounts are the most common form of deposits for banks. Assume that Village Storage has a checking account at Camino Savings Bank. What type

Checking accounts are the most common form of deposits for banks. Assume that Village Storage has a checking account at Camino Savings Bank. What type of accounts (asset, liability, capital stock, retained earnings, dividends, revenue, expense) does the account balance of $8,750 represent from the viewpoint of?
(a) Village Storage and
(b) Camino Savings Bank?

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