The Kuwait Finance House (KFH) had the following transactions during the month of July 2015: 1)...

Transcribed Image Text:

The Kuwait Finance House (KFH) had the following transactions during the month of July 2015: 1) A customer withdraws KD 4,000 in cash from his saving account. 2) A customer deposited KD 7,000 to his saving account and KD 3000 to his checking 3) A customer cashes a check in the amount of KD 2,500 from his saving account 4) A customer transfers funds of KD 9,500 from a checking account to time deposit. 5) The KFH provides a Qard Hassan in the amount of KD 20,000 to a customer 6) Vault cash in the amount of KD100,000 is transferred from the main office of a bank to a branch office. 7) A customer cashes a check drawn on Kuwait International bank (KIB) in the amount of KD 10,500. 8) A customer makes payment for Qard Hassan of KD 6,000 in cash at teller window. 9) A customer deposited a check drawn on KIB in the amount of KD 4,500 to his saving account. 10)A customer makes payment for the Qard Hassan in amount of KD 2000 from his saving account. Required Record the above transactions in the accounting records of KFH Date Accounts titles Dr Cr 1 8 9 10 The Kuwait Finance House (KFH) had the following transactions during the month of July 2015: 1) A customer withdraws KD 4,000 in cash from his saving account. 2) A customer deposited KD 7,000 to his saving account and KD 3000 to his checking 3) A customer cashes a check in the amount of KD 2,500 from his saving account 4) A customer transfers funds of KD 9,500 from a checking account to time deposit. 5) The KFH provides a Qard Hassan in the amount of KD 20,000 to a customer 6) Vault cash in the amount of KD100,000 is transferred from the main office of a bank to a branch office. 7) A customer cashes a check drawn on Kuwait International bank (KIB) in the amount of KD 10,500. 8) A customer makes payment for Qard Hassan of KD 6,000 in cash at teller window. 9) A customer deposited a check drawn on KIB in the amount of KD 4,500 to his saving account. 10)A customer makes payment for the Qard Hassan in amount of KD 2000 from his saving account. Required Record the above transactions in the accounting records of KFH Date Accounts titles Dr Cr 1 8 9 10