**Cheque from J. Peterson 5450 and Issuing a Discount**

When you receive a cheque from J. Peterson amounting to 5450, with an allowed discount of 150, there are several steps you need to follow to ensure proper handling and depositing of the cheque. Let's break down the process into steps to understand it better.

**Step 1: Verify the Cheque**
Before proceeding with any transaction, it is important to verify the authenticity of the cheque. Check for the following details:
- Ensure that the cheque is issued by J. Peterson.
- Verify the cheque number, date, and signature to confirm its legitimacy.
- Make sure the amount mentioned on the cheque matches the written and numerical values.

**Step 2: Determine the Discount**
Since J. Peterson has allowed a discount of 150, you need to calculate the discounted amount. Subtract 150 from the total cheque amount of 5450 to get the discounted value.

**Step 3: Prepare the Deposit Slip**
To deposit the cheque into your bank account, you need to fill out a deposit slip. The deposit slip includes the following information:
- Your name and account number.
- Date of deposit.
- Amount to be deposited, which is the discounted value in this case.
- Indicate whether the deposit is to be made into your checking or savings account.

**Step 4: Visit the Bank**
Take the cheque, along with the filled-out deposit slip, to your bank. Approach the teller and inform them about your intention to deposit the cheque.

**Step 5: Deposit the Cheque**
Hand over the cheque and the deposit slip to the bank teller. The teller will verify the details and process the deposit. The cheque amount will be credited to your account, considering the discount that was allowed.

**Step 6: Retain the Receipt**
After completing the deposit, the bank teller will provide you with a receipt. Keep this receipt safe as proof of your transaction.

It is important to note that the time taken for the cheque to clear and the funds to become available in your account may vary depending on your bank's policies and procedures. It is advisable to contact your bank for any specific information regarding cheque clearance times.

By following these steps, you can ensure the proper handling and immediate deposit of the cheque received from J. Peterson, along with the allowed discount of 150.