Beleaguered state bank (bsb) holds $400 million in deposits and maintains a reserve ratio of 10 percent.
complete the following t-account for bsb.
beleaguered state bank

assets
reserves million
loans

liabilities
deposits million

now suppose that bsb's largest depositor withdraws $20 million in cash from her account. bsb decides to restore its reserve ratio by reducing the amount of loans outstanding. complete bsb's new t-account after it has taken this action.
beleaguered state bankassetsreserves million loans million
because bsb is cutting back on its loans, other banks will find they have excess or insufficient? reserves, causing them to increase or decrease ? their loans. bsb may find it difficult to cut back on its loans immediately because it cannot force people to pay off loans. which of the following ways represent an alternative for bsb to return to its original reserve ratio? check all that apply.1. attract additional deposits2. borrow money from another bank3. lend money4. borrow money from the fed

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."