On 1/4/2018 Heba requested Jordan Kuwait bank to increase the guarantee value to become 45000 instead of 30000. cash collateral percentage was 20%, stamps .003, and commissions on guarantee 4% . the guarantee was issued on 1/3/2018 for 3 months.

1- Guarantee commission on 1/4/2018 recorded on Heba credit current account is (JD):

2- the account balance of "Banks obligation against guarantee" after increasing the value of the guarantee become:

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Answer 1 Guarantee commissi... View the full answer