Example12: Transfers Below are some of the transactions that took a place in the transfers and foreign exchange department of the Arab Bank during May 2013: - 1 On May 1, The Arab Bank issued a draft to a client, amount of 4000 Jd to be sent to Al-karak branch. The bank charged its client 50 Jd as commissions, 15 Jd drafts expenses and received the total amount due in cash. In the next day, the bank received a notification from Al-karak branch that it paid the amount to the recipient. 2- On May 13, The Arab Bank received a draft from Al-Ahli Bank, amount of 3500 Jd. And added it immediately to the recipient's current account who is a client of the bank 3 - - On May 14, a client of The Arab Bank asked to transfer amount of 15000 Jd to The Bank of Seri Lanka. The Arab Bank charged the client 1% and deducted the total amount due from his current account. On May 15, The Arab Bank received a notification from The Bank of Seri Lanka that it added the amount of the draft to the recipient's account. The Arab Bank transferred the amount of the draft to the bank of Seri Lanka through the Central Bank of Jordan. 4 - On May 24, The Arab Bank received drafts from The Bank of America, amount of 12000 Jd. The amount was collected through the bank's cuurent account at the Bank of America. The Arab Bank paid 5000 Jd to the recipients in cash and added the remaining amount to their current accounts after deducting 120 Jd as commissions. Journalize the previous transactions in the Arab Bank books