Use t-accounts to illustrate effect of transaction on gnb
Your uncle repays a $100 loan from Goliath National Bank by writing a $100 check from his GNB checking account. Use T-accounts to show the effect of this transaction on your uncle and on GNB. Has your uncle's wealth changed? Explain?
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Use T-accounts to illustrate the effect of transaction on uncle and on GNB. Has your uncle's wealth changed? Explain?
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