Journalize the transactions in the books of Busy Bank - Main Branch.

  On 8/3/2015, Wise Decision Inc. deposited in their current account, at Busy Bank - Main Branch, checks totaling JD 7000 drawn on Busy Bank – Madaba Branch.

On 31/12/2015, Busy Bank credited the account of Wise Decision Inc., one of its clients, with interest on a time deposit of JD 20 000 at a rate of 6% from 1 January 2015.

Show interest calculations

On 5/12/2015 Busy Bank, Main Branch received the documents pertaining to documentary credit no. 555/2015 from American Bank. The documents were in compliance with the letter of credit. The exchange rate on that date was; buy Fils 708, average Fils 713, sell Fils 718. The particulars of documentary credit 555/2015 were:

Documentary credit no.	Amount in US$	Deposit %	Name of client	Advising bank
555/2015	20 000	40%	Tolerance Trading	American Bank

On 10/12/2012, Busy Bank handed the documents to the client who settled the outstanding balance for L/C 555/2-15 on the same day.