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Nita Deposits a Check for $750 Drawn Against Home Federal

Question 67

Multiple Choice

Nita deposits a check for $750 drawn against Home Federal Bank into her account at Village Bank.Which pair of the T-accounts below shows this transaction on the respective bank's balance sheets?


A)  Viliage Bank  Home Federal Bank  Assets  Liabilities  Assets  Liabilities  Reserves +750 Checkable  Reserves 750 Checkable  deposits +750 deposits 750\begin{array} { | c c | l l l | } \hline { \text { Viliage Bank } } && { \text { Home Federal Bank } } \\\hline \text { Assets } & \text { Liabilities } & \text { Assets } & { \text { Liabilities } } \\\hline \text { Reserves } + 750 & \text { Checkable } & \text { Reserves } - 750 & \text { Checkable } \\& \text { deposits } + 750 & & \text { deposits } - 750 \\\hline\end{array}
B)  Viliage Bank  Home Federal Bank  Assets  Liabilities  Assets  Liabilities  Reserves +750 Checkable  Reserves +750 Checkable  deposits 750 deposits 750\begin{array} { | c c | l l l | } \hline { \text { Viliage Bank } } && { \text { Home Federal Bank } } \\\hline \text { Assets } & \text { Liabilities } & \text { Assets } & { \text { Liabilities } } \\\hline \text { Reserves } + 750 & \text { Checkable } & \text { Reserves } + 750 & \text { Checkable } \\& \text { deposits } - 750 & & \text { deposits } - 750 \\\hline\end{array}

C)  Viliage Bank  Home Federal Bank  Assets  Liabilities  Assets  Liabilities  Reserves 750 Checkable  Reserves 750 Checkable  deposits 750 deposits 750\begin{array} { | c c | l l l | } \hline { \text { Viliage Bank } } && { \text { Home Federal Bank } } \\\hline \text { Assets } & \text { Liabilities } & \text { Assets } & { \text { Liabilities } } \\\hline \text { Reserves } - 750 & \text { Checkable } & \text { Reserves } - 750 & \text { Checkable } \\& \text { deposits } - 750 & & \text { deposits } - 750 \\\hline\end{array}

D)  Viliage Bank  Home Federal Bank  Assets  Liabilities  Assets  Liabilities  Reserves +750 Checkable  Reserves +750 Checkable  deposits +750 deposits +750\begin{array} { | c c | l l l | } \hline { \text { Viliage Bank } } && { \text { Home Federal Bank } } \\\hline \text { Assets } & \text { Liabilities } & \text { Assets } & { \text { Liabilities } } \\\hline \text { Reserves } + 750 & \text { Checkable } & \text { Reserves } + 750 & \text { Checkable } \\& \text { deposits } + 750 & & \text { deposits } + 750 \\\hline\end{array}

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