(b) Given the following transactions: 1. Clients deposited BD100, 000 cash of which BD60,000 was deposited by...
Fantastic news! We've Found the answer you've been seeking!
Question:
(b) Given the following transactions:
1.
Clients deposited BD100, 000 cash of which BD60,000 was deposited by Current Account customers and the rest
by Current Account customers (Securities Guarantee)
2.
Customers withdrew BD70,000; half of this was by Current Account customers (Securities Guarantee) and the rest
by Current Account customers.
3.
Current Accounts payable to the clients carried expenses amounting to BD16,000; Current Accounts (Securities
Guarantee) carried expenses of BD14,000 and interest of BD44,000.
4
Current Accounts (Securities Guarantee) carried expenses of BD18,000 and interest of BD62,000.
Required:
Prepare the journal entries to record the above transactions in a bank's accounting records.
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date: