Bank rules are one of the best ways to maximise efficiencies with the day to day data

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Question:

Bank rules are one of the best ways to maximise efficiencies with the day to day data entries. It is a time-saving method to record and reconcile regular bank statement transactions based on the instructions (conditions) that you set up for each rule. E Bike City would like to set bank rules for some of their regular/frequent transactions as a way to maximise the efficiency of their recording and reconciliation of regular bank statement transactions.

There are 18 transactions in this bank account for the month of April. The details of the 18 transactions appearing in the Westpac Business Bank Account are given below:

1) April 1- Google Adwords, Advertising using Google (includes GST) $68.32

2) April 3 -Melbourne City Council, Car parking for delivery van (includes GST) $12.00

3) April 8 - Google Adwords, Advertising using Google (includes GST) $84.93

4) April 9 -7-Eleven, General Expenses (Includes GST) $ 54.32

5) April 13 - BP, Petrol for delivery van (includes GST) $90.00

6) April 15 - Google Adwords, Advertising using Google (includes GST) $103.46

7) April 16 -Officeworks, Coffee for the office Tearoom (GST Free) $ 71.80

8) April 17 -Melbourne City Council, Car parking for delivery van (includes GST) $18.00

9) April 17 -BP, Petrol for delivery van (includes GST) $75.00

10) April 17 -Speedy Post, Courier services (includes GST) $140.00

11) April 17 - Officeworks, Printing (includes GST) $ 143.56

12) April 21 - BP, Petrol for delivery van (includes GST) $ 85.00

13) April 22 -Google Adwords, Advertising using Google (includes GST) $78.56

14) April 23 - Officeworks, photocopy machine (includes GST), $3,300.00

15) April 29 -Google Adwords, Advertising using Google (includes GST) $110.56

16) April 29 - Melbourne City Council, Car parking for delivery van (includes GST) $12

17) April 30 -Melbourne City Council, Parking fine (GST-free), $179:00

18) April 30 - Westpac Bank monthly fee (GST-free) $10.00

Required:

You are required to consider the transactions for the month of April that appear in the Westpac bank Business Account. From the transactions listed in the Westpac Bank Business Account, you are required to create bank rules for the three most appropriate (most common) types of transactions. This means that the maximum bank rules that you can create is three.