2/4/2020 The American Bank / Washington Branch issued a bank check in the amount of 1500 dinars...
Question:
2/4/2020 The American Bank / Washington Branch issued a bank check in the amount of 1500 dinars at the request of the customer Khaled and at the order of the beneficiary Firas, and the withdrawn bank is the Housing Bank, noting that the price of the dinar on that day was,,($ 1.28, purchase, 1.29 equivalent, 1.30 selling) and that the bank’s commission was 2% and other expenses were $10, and the receivable from the customer Khaled was received in cash.
On 3/4/2020, the American Bank / Washington branch issued a check in the amount of $ 1,550 drawn on the Central Bank of America at the request of the Washington company and the order of the Ford company, knowing that the bank’s commission amounted to $ 35 and other expenses were $2, and the receivable was recorded on Washington Corporation's creditor current account with the bank.
Required :
A) Recording of previous transactions in the journal of the American Bank / Washington branch.
B) Recording of previous transactions in the. journal of the American Bank / center.
Dynamic Business Law The Essentials
ISBN: 978-1259917103
4th edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron