Question
On march 6 Housing bank/ main branch sold $10,000 bank's checks as order of Sun company, the check drawn on Morgan bank N.Y bank debit
On march 6 Housing bank/ main branch sold $10,000 bank's checks as order of Sun company, the check drawn on Morgan bank N.Y bank debit Sun company credit current account (Jordanian dinar account) of the check value plus commission at 39% plus postal revenue at JD
8. the exchange rate for 1 $ -(.730 740 750).
1- the amount recorded on Sun company credit current account is
A- 7725
B- 7527
C. 7300
D-7733
2- when the bank debiting Sun company credit current account, the credit side of the joural entry contains the following account is
- "Bank's checks sold" at amount of JD 7300
- Banks checks sold at amor unt of JD 7500
- Morgan bank N.Y at amount of JD 7300
- commission on Bank's checks sold of JD 219
On march 6 Housing bank/ main branch sold $10,000 bank's checks as order of Sun company, the check drawn on Morgan bank N.Y bank debit Sun company credit current account (Jordanian dinar account) of the check value plus commission at 39% plus postal revenue at JD
8. the exchange rate for 1 $ -(.730740 750).
1- the amount recorded on Sun company credit current account is
A- 7725
B- 7527
C. 7300
D-7733
2- when the bank debiting Sun company credit current account, the credit side of the joural entry contains the following account D'v
- "Bank's checks sold" at amount of JD 7300
- Banks checks sold at amor unt of JD 7500
- Morgan bank N.Y at amount of JD 7300
- commission on Bank's checks sold of JD 219
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started