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The following transactions incurred in Arab bank main branch: In 1/4/2006 transfer JD 5000 to Aqaba in request of its customer (Moon Corporation) to beneficiary
The following transactions incurred in Arab bank main branch:
- In 1/4/2006 transfer JD 5000 to Aqaba in request of its customer (Moon Corporation) to beneficiary (Sun Corporation), 2% commission, JD 10 postal expense, Paid in cash.
- in 2/4/2006 The bank received $ 1500 transfer from Ohio bank to beneficiary (Amal Corporation)
$: buy = 0.710, $: Sell= 0.720, 2% commission.
- Issue $ 800 Bank's check on request of its customer Talal, $: Buy = 0.710, $: Sell = 0.720, 1% commission JD 3 Postal expenses, all paid in cash, to beneficiary Salem in American bank.
- Issues JD 2000 Bank's check on request of its customer Waleed to beneficiary Khaled in Housing Bank, JD 25 Commission, 5 JD Postal expense.
- The Bank purchased travelers checks by $ 2000 after deducting 2% a commission, these checks drawn on Dalas bank ($ Prices as in transaction 2).
- The Bank Sold Travelers checks by 500 dollars to its customer Mohammad draw on London bank all amounts recorded on customers account, 3% commission, JD 2 Postal expense, ($ price still the same in transaction 2).
Require: Record entries and show computation in tidy manner.
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