a) A customer deposits $10,000 check into her checking account. Use a T-account to show how...

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a) A customer deposits $10,000 check into her checking account. Use a T-account to show how her bank will reflect this transaction. b) Using a T-account, show how the bank will reflect the transaction once the funds become available. c) Assuming the bank has a 10% required reserve requirement, show on a T-account the required and excess reserves. d) Assume that this bank decides to make a car loan using the excess reserves from our customer's deposit. Show this transaction using a new T-account. a) A customer deposits $10,000 check into her checking account. Use a T-account to show how her bank will reflect this transaction. b) Using a T-account, show how the bank will reflect the transaction once the funds become available. c) Assuming the bank has a 10% required reserve requirement, show on a T-account the required and excess reserves. d) Assume that this bank decides to make a car loan using the excess reserves from our customer's deposit. Show this transaction using a new T-account.

Answer rating: 100% (QA)

First see the journal entries of these transactions a Cleaning Ac Dr 10000 To Customers Ac 10000 a ... View the full answer