Rearrange the following accounts to construct a bank balance sheet for First Nat
ID: 2650537 • Letter: R
Question
Rearrange the following accounts to construct a bank balance sheet for First National Bank. What are the total amounts that make the bank’s balance sheet balance?
Government Securities: 7 million
Building, Land and Equipment: 14 million
Loans secured by Real Estate: 30 million
Owners’ Capital: 6 million
Other Long-Term Liabilities: 2 million
Fed Funds Purchased: 8 million
Fed Funds Sold: 2 million
Demand Deposits: 20 million
Cash Assets: 5 million
Commercial and Industrial Loans: 18 million
Time and Saving Deposits 40 million
Explanation / Answer
First National Bank Balance Sheet Assets Amount $ Fed Funds Sold 2000000 Commercial and Industrial Loans 18000000 Loans secured by Real Estate: 30000000 Building, Land and Equipment: 14000000 Government Securities: 7000000 Cash assets 5000000 Total Assets 76000000 Liabilities Time and Saving Deposits 40000000 Demand Deposits: 20000000 Fed Funds Purchased 8000000 Other Long-Term Liabilities: 2000000 Owners
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