Final answer:
The student's question lacks the needed details about the trial balance discrepancy. However, the bank's T-account balance sheet and net worth calculation are provided, with the bank's net worth totaling to $220.
The correct answer is none of all.
Step-by-step explanation:
The student's question appears to be missing the necessary details to provide an answer about the discrepancy in a trial balance. Instead, the reference information discusses various economic and financial calculations separate from trial balance troubleshooting.
For instance, dividing monetary amounts (as in reference points 5 and 6), defining trade balance and current account balance (reference point 7), and establishing a T-account balance sheet for a bank (reference point 30).
When setting up a T-account balance sheet for a bank, you list the bank's assets on one side and its liabilities and net worth (or equity) on the other side. The bank's assets include reserves ($50) and loans ($500), while the liabilities include deposits ($400). We also know the bank has purchased government bonds worth $70, which are another asset. To calculate the bank's net worth:
Assets:
- Reserves: $50
- Loans: $500
- Government Bonds: $70
Liabilities:
Net Worth = Assets - Liabilities
Net Worth = ($50 + $500 + $70) - $400
Net Worth = $620 - $400
Net Worth = $220
The bank's net worth is therefore $220. If the budget surplus changes to a budget deficit, the international balance of trade would be affected according to macroeconomic identities, but without further information regarding the economy's numbers, we cannot calculate the new balance of trade. The correct answer is none of all.