17. Which of the following transactions will reduce your checking account balance immediately?

• A. Writing a check to pay a supplier
• B. Transferring funds from savings to checking
• C. Receiving a bank loan
• D. Depositing a customer's check

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the nature of each transaction listed in the problem and how it impacts the checking account balance.
2. Step 2: Analyze the transaction 'Writing a check to pay a supplier'. When you write a check, the amount is deducted from your checking account balance immediately, as it represents a payment obligation.
3. Step 3: Evaluate the transaction 'Transferring funds from savings to checking'. This action increases the checking account balance, not reduces it, as funds are moved into the checking account.
4. Step 4: Consider the transaction 'Receiving a bank loan'. When a bank loan is received, the funds are deposited into your account, increasing the balance rather than reducing it.
5. Step 5: Examine the transaction 'Depositing a customer's check'. When a customer's check is deposited, it increases the checking account balance, as it represents incoming funds.