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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.

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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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.

asked
User Walter Schurter
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8.1k points

1 Answer

4 votes

Answer:

loses; gains

Step-by-step explanation:

answered
User Jack Tiong
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