Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the entries (6 marks ) The following transaction incurred in the main branch of Jerash bank in March 2006 1. Jaber Corporation in 1/3

image text in transcribed
Record the entries (6 marks ) The following transaction incurred in the main branch of Jerash bank in March 2006 1. Jaber Corporation in 1/3 deposit the following Bills to discount them at bank: 2. In 2/3 the bank discounted the bills of Jaber Co by 12% Interest discount and 2% discount commission and 0.003 Stamps. 3. In 1/5 Debtor Jamal Paid its bill to the bank by cash. 4. In 1/6 Debtor Jehad refused to pay its Bills so, the bank will charge deducts the amount of bill from its customer account (Jaber Co.). 5. In 1/7 Bank Collect Bills No.3 by check for current account of its debtor. 6. In 1/9 the debtor Salem paid its bills by check draw on Jerash Branch

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions