16d • General discussion
LESSON 5 CHECK Explained
Using the sample check provided in the lesson image:
Identify:
- The Drawer = John Smith
- The Drawee Bank = Community Bank
- The Payee = Jane Doe
- The Amount = 12,500.00
- The Routing Number = 123456789
- The Account Number = 1234567890123
- The Check Number = 1001
Promise to pay V Order to pay
Has 2 parties, * Maker , * Payee
Promise to pay
Has 3 parties, * Drawer, * Drawee, * Payee
Payment now
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LESSON 5 CHECK Explained
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