Your uncle repays a $100 loan from Tenth National Bank (TNB) by writing a $100 check from his TNB checking account. Assume these funds are the only loans and deposits available for your uncle and the bank.
Complete the following T-accounts for your uncle and TNB before your uncle repays the loan.
Your Uncle
Assets Liabilities
Tenth National Bank
Assets Liabilities
Complete the following T-accounts for your uncle and TNB after your uncle repays the loan.
Your Uncle
Assets Liabilities
Tenth National Bank
Assets Liabilities
True or False: Your uncle's wealth has changed.
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