Prepare entries to record the following:
Definitions:
Mobile Banking
A banking method that allows the bank customer to perform banking actions on his or her cell phone or other mobile device.
Banking Transactions
Financial activities conducted through a bank, such as deposits, withdrawals, transfers, and payments.
Smartphone
A smartphone is a mobile device that combines cellular connectivity, computing capabilities, and internet access, along with other functionalities.
MICR Numbers
A line of numbers printed at the bottom of checks using a special magnetic ink; includes bank routing number, account number, and check number, used for electronic processing.
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