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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
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
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