You are a resident of Seattle, Washington, and maintain achecking account with a bank...

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Accounting

You are a resident of Seattle, Washington, and maintain achecking account with a bank in that city. You have just written acheck on that bank to pay your tuition. Describe the process bywhich the banking system enables your college to collect the fundsfrom your bank.

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When a check is issued it goes into the clearing process Clearing is the process in which funds gets transferred from one bank account to another through the issuance of checks Thus through clearing bank account in which check See Answer

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In: AccountingYou are a resident of Seattle, Washington, and maintain achecking account with a bank in...You are a resident of Seattle, Washington, and maintain achecking account with a bank in that city. You have just written acheck on that bank to pay your tuition. Describe the process bywhich the banking system enables your college to collect the fundsfrom your bank.