When Jane Brown writes a $100 check to her nephew and he cashes the check,Ms. Brown's bank ________ assets of $100 and ________ liabilities of $100.

Name: When Jane Brown writes a $100 check to her nephew and he cashes the check,Ms. Brown's bank ________ assets of $100 and ________ liabilities of $100.
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When Jane Brown's nephew cashes the check, her bank loses assets because it has to pay out $100, and it loses liabilities because the bank's obligation to Jane Brown decreases by $100.

When Jane Brown Writes a $100 Check to Her Nephew