Using the T-accounts of the First Euro Bank and the Second Euro Bank, describe what happens when Ingrid Schmidt writes a €50 cheque on her account at the First Euro Bank to pay her friend Joe Green,...

Using the T-accounts of the First Euro Bank and the Second Euro Bank, describe what happens when Ingrid Schmidt writes a €50 cheque on her account at the First Euro Bank to pay her friend Joe Green, who in turn deposits the cheque in his account at the Second Euro Bank.