Question: need to create simple taccounts ive already done it but...
Need to create simple T-accounts. I've already done it but I need verification on some. Don't know whether or not these are correct.
Please take a few minutes to diagram each of the following transactions, using T-accounts for one or more relevant parties:
d) A bank makes a $1,000 using cash that has been accumulated.
e) A bank takes in a $1 million dollar deposit and simultaneously makes a $1 million dollar loan.
f) A bank pays off a $5 million deposit by borrowing from the Federal Reserve.