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Checking accounts are one of the most common forms of deposits for banks. Assume that...

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Accounting

Checking accounts are one of the most common forms of deposits for banks. Assume that Surety Storage has a checking account at Ada Savings Bank. What type of account (asset, liability, stockholders' equity, revenue, expense, dividends) does the account balance of $11,375 represent from the viewpoint of (A) Surety Storage and (B) Ada Savings Bank?

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