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On march ,6 Housing bank/ main branch sold $10,000 bank's checks as order of Sun...

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Accounting

On march ,6 Housing bank/ main branch sold $10,000 bank's checks as order of Sun company , the check drawn on Morgan bank N.Y . the bank debit Sun company credit current account (Jordanian dinnar account ) of the check value plus commission at 3%, plus postal revenue at JD 8 . the exchange rate for 1 $ =(.730 .740 .750).

1- the amount recorded on Sun company credit current account is: ABCD

A- 7725

B- 7527

C- 7300

D- 7733

2- when the bank debiting Sun company credit current account ,the credit side of the journal entry contains the following account: ABCD

A- "Bank's checks sold" at amount of JD 7300 .

B- "Bank's checks sold" at amount of JD 7500 .

C- Morgan bank N.Y at amount of JD 7300 .

D- commission on Bank's checks sold of JD 219

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