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Illustrate and record the following events on a T account a. John deposits his $10,000 paycheck into his checking account at Chase Bank b. Chase

Illustrate and record the following events on a T account

a. John deposits his $10,000 paycheck into his checking account at Chase Bank

b. Chase Bank deposits the check at the Fed and Fed collects the funds for Chase Bank

c. What happens to a bank's reserves when it receives a deposit?

d. John withdraws $2000 cash and pays his rent. His landlord deposits the $2000 in Citi Bank

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