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Question 1 - Wk 5 - App X
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Question 1 - Wk 5 - App X
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MC Qu. 35-24 (Algo) Suppose the ABC bank has excess...
Suppose the ABC bank has excess reserves of $1,000 and checkable deposits of $30,000. If the reserve req
10 percent, what is the size of the bank's actual reserves?
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$4.000

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Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.