Question
The following transactions happened in the bank of BBK, branch of Sanad during the year of 2020. The deposit amount at the clients current accounts
The following transactions happened in the bank of BBK, branch of Sanad during the year of 2020.
The deposit amount at the clients current accounts is $185,100,000 as bellow $50 million cash deposit
$35 million cheques received from the same branch.
$43 million cheques received from another branch (Riffa).
$37 million cheques were received from another local bank (Itmar).
$15 million cheques received from another international bank in UK
$5.1 million cheques received from a national monetary institution.
The total withdrawal amount from the current accounts is $139 Million as follows: $40 million cash
$25 million cheques drawing by the client from their current accounts
$20.5 million cheques coming from another branch (Riffa).
$31.5 million cheques coming from another local bank (Itmar).
$22 million cheques coming from another international bank in UK
The total interest rate of credit current accounts is $42,500 and it was treated as follows: $19,000 received by cash
$10000 added to their current accounts
$9,500 add to their saving account
$4000 added to their Term Deposit Account
The total interest of the debit current accounts is $120,000 was paid by cash The client with a current account has taken a loan from the bank in the amount of $250,000. 40% of this amount have been added to their current accounts while the remained amount has been given to them by cash
Instruction: record the entries of the above transactions at the book of the bank.
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