Construct a balance sheet and income statement Investment Securities $23000 Demand Deposits $19000
Question:
Construct a balance sheet and income statement
Investment Securities $23000
Demand Deposits $19000
Now accounts $89000
Cash and due from banks $9000
Taxes $3000
Interest on fees and loans $9000
Retail CDs $28000
Long term debt $19000
Reverse Repos $42000
Interest on investment securities $4000
Interest on long term debt $2000
Loans $90000
Fixed Assets $15000
Interest on reverse repos $6000
Interest on deposits $9000
Other assets $4000
Paid in capital $4000
Retained earnings $12000
Common stock $12000
Interest on deposits in other banks $1000
Provision for loan losses $2000
Other income $2000
Other expenses $1000
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett