Week 2 problem need help please

timer Asked: Jan 7th, 2015

Question description

Following are selected balance sheet accounts for Third State Bank: vault cash $2 million; U.S. government securities $5 million; demand deposits $13 million; non-transactional accounts $20
million; cash items in process of collection $4 million; loans to individuals $7 million; loans secured by real estate $9 million; federal funds purchased $4 million; and bank premises $11 million.

a.  From these accounts, select only the asset accounts and calculate the bank's total assets.

Vault Cash  $2 million

Cash in process of collection  4

?  ?

?  ?

?  ?

Bank Premises  11

Total Assets  ?

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