Make appropriate T-account entries: 1) You makes a $100 cash deposit...
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Accounting
Make appropriate T-account entries:
1) You makes a $100 cash deposit into a checking account at Rutgers National Bank (RNB). Rutgers National Bank 2) You write a $25 check from your account at RNB to me, I deposit that check in my Bank of America (BoA) account Rutgers National Bank Clearing House or Federal Reserve Bank of America 3) You Borrow $500 from RNB to buy school books, The book store deposits your check into BoA
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1) You makes a $100 cash deposit into a checking account at Rutgers National Bank (RNB). Rutgers National Bank 2) You write a $25 check from your account at RNB to me, I deposit that check in my Bank of America (BoA) account Rutgers National Bank Clearing House or Federal Reserve Bank of America 3) You Borrow $500 from RNB to buy school books, The book store deposits your check into BoA
