Use a T-account to show the effect on Bank of Americas balance sheet of your depositing $50

Question:

Use a T-account to show the effect on Bank of America’s balance sheet of your depositing $50 in currency in your checking account.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...