Trial Balance
Description
This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
Trial Balance
The trial balance is again inserted here for the student's convenience:
1. | Loans ................................................. | $1,925,000 |
2. | Bills Discounted ..................................... | 950,000 |
3. | Past Due Paper.................... | 10,000 |
4. | U. S. Government Securities......... | 200,000 |
5. | U. S. Government Securities Deposited to Secure Circulation.............. | 200,000 |
6. | U. S. Government Securities Pledged to Secure Postal Savings Deposits. . | 90,000 |
7. | Securities Other than U. S. Bonds.... | 125,000 |
8. | 10,000 | |
9. | Federal Reserve Bank Stock......... | 15,000 |
10. | Reserve at Federal Reserve Bank..... | 300,000 |
11. | Cash ......................................................... | 75,000 |
12. | 24,000 | |
13. | Checks on Non-Member Clearing House Banks.................... | 14,000 |
14. | Cash Items ...................................................... | 2,000 |
15. | National Bank Notes on Hand....... | 10,000 |
16. | Accounts Receivable ............... | 500 |
17. | Internal Revenue Stamps............ | 500 |
18. | Due from Tenth National Bank, New York............................ | 50,000 |
19. | Five Per Cent Redemption Fund..... | 10,000 |
20. | Due from Federal Reserve Bank - Collection Account ........................................... | 75,000 |
21. | Due from Other Banks - Collection Account ......................... | 50,000 |
22. | Expense........................... | 5,000 |
23. | Interest Paid on Deposits............ | 6,000 |
24. | Banking House and Lot.............. | 50,000 |
$4,197,000 |
Credit Balances | ||
25. | Capital Stock...................... | $ 250,000 |
26. | Surplus ....................................................... | 250,000 |
27. | Undivided Profits.................. | 10,600 |
28. | Domestic Exchange................ | 500 |
29. | Commissions Collected ............. | 1,000 |
30. | Interest on Loans................... | 19,000 |
31. | Discount.......................... | 6,000 |
32. | Interest on Investments............. | 3,000 |
33. | Bond Profits....................... | 500 |
34. | Reserve for Taxes.................. | 12,600 |
35. | 3,000 | |
36. | Circulating Notes Outstanding....... | 200,000 |
37. | Due to Depositors (including banks)........ | 2,812,300 |
38. | Certified Checks Outstanding........ | 10,000 |
39. | Cashier's Checks Outstanding........ | 12,000 |
40. | 3,000 | |
41. | Dividends Payable................ | 8,000 |
42. | Time Certificates of Deposit....... | 5,000 |
43. | Time Deposits.................. | 500,000 |
44. | Postal Savings Deposits............. | 90,000 |
45. | Overs and Shorts................... | 500 |
$4,197,000 |
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