Chapter 9, Problem 19AP

To determine

The changes that will take place when Jane Brown makes a $50 check on her account at the First National Bank to pay her companion Joe Green who would deposit the check in the Second National Bank where he has an account.

Concept Introduction:

A group of money related records that make use of double-entry book keeping is defined informally as T-account. This is because a big T is being drawn on the page with the account title at the top of the T. The debits would be organized under the sleeping line of T and to the left side of the standing line, whereas the credits would be under the sleeping line but to the right side of the T.

Thus, the debits and credits would be clearly separated by the standing line of the T. T-accounts are also be referred as ledger accounts.