Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following transactions were carried out in the Bank of Jordan and Gulf / Irbid branch on 1/5/2020 The Bank of Jordan and Gulf /

The following transactions were carried out in the Bank of Jordan and Gulf / Irbid branch on 1/5/2020 The Bank of Jordan and Gulf / Irbid branch received an incoming transfer from the Bank of Jordan and Gulf / Jerash branch in the amount of 3350 dinars and the beneficiary was: Ghassan On 15/5/2020 the Bank of Jordan and Gulf / Irbid Branch A transfer from you from Chicago in the amount of 1200 dollars, and the beneficiaries are Al Shamal Company. The dollar prices on that day were as follows (708 fils, a blonde 709 fils equivalent to 710 fils sold), noting that there are joint accounts that the Chicago Bank and Jordan and Gulf Bank received. It has been registered to the beneficiary's account. He deducted a commission of 2% 20/5/2020 The transfer received on 1/5/2020 was paid to the beneficiary Ghassan after deducting a commission of fifteen dinars. On 5/20/2020, Jordan and Gulf Bank / Irbid branch received a transfer from Morgan Bank in the amount of 1600 dollars and the coverage was through the Bank of Chicago, and the beneficiary of the transfer Asim delegation was the dollar prices on that day (710 fils buying, 712 fils equivalent to 715 fils selling) and it was paid In advance to the beneficiary after deducting a commission of 2%. Required - A- Recording the general daily notes in the journal of Jordan and Gulf Bank / Irbid branch B- Recording general daily entries in the journal of Jordan and Gulf Bank / head office

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

9th Edition

007337945X, 978-0073379456

More Books

Students also viewed these Accounting questions

Question

Explain internal audit process and report.

Answered: 1 week ago