When Michael writes a $100 check to John and John deposits the check, Michael's bank ________ assets of $100 and John's bank ________ liabilities of $100.

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asked Mar 9, 2023 72.2k views

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When Michael writes a $100 check to John and John deposits the check, Michael's bank ________ assets of $100 and John's bank ________ liabilities of $100.

Business
high-school

Walter Schurter asked

by Walter Schurter

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Answer:

loses; gains

Step-by-step explanation:

Jack Tiong answered Mar 13, 2023

by Jack Tiong

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