Question: Question 2 (1 point) If John and Todd both have chequing accounts in the same commercial bank and John writes a cheque for $5,000 payable

Question 2 (1 point) If John and Todd both have chequing accounts in the same commercial bank and John writes a cheque for $5,000 payable to Todd, what will happen to the bank's accounts? They will not be affected Assets and liabilities will both decrease by $5,000. O Liabilities will decrease by $1,000, and the bank's equity will increase by $5,000

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