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do at least 2 parts and please show some steps. Thank you The bank has a 10% reserve requirement. Record each transaction in the category
do at least 2 parts and please show some steps. Thank you The bank has a 10% reserve requirement. Record each transaction in the category it belongs in. Carry forward the information from the previous transaction. The categories you will use are those included below. 1. Eli has $5000 in cash and deci des that he needs to open a checking account at Main Street Bank ASSETS LIABILITIES Chaakabie Deposits Required Reserves Excess Reserves Loans 2. Melanie's Furniture Mart seeks afoan rom Van Sueet Dank. maximum amount they can loan out. ASSETS LIABILITIES Checkable Deposits Required Reserves Excess Reserves Loans 3. Melanie deposits the money she borrowed into her account at Main Street Bank. ASSETS LIABILITIES Checkable Deposits Required Reserves Excess Reserves Loans 4. Sean wants to buy new living room furniture for his home. Main Street Bank loans Sean the maximum amount it can loan out LIABILITIES ASSETS Checkable Deposits Required Reserves Excess Reserves Loans 5. Sean buys the furniture from Melanie's Furniture Mart and Melanie deposits the money in her account at Main Street Bank LIABILITIES Checkable Deposits ASSETS Required Reserves Excess Reserves Loans
do at least 2 parts and please show some steps.
Thank you
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