solution of chapter three institution (1)

1. اؤ Ch3 – institution: Q—1 1-Cash Checking Account 2-Checking Account Saving Account transaction debit 6,000 9,000 Credit 6,000 9,000 3-Cash loan 20,000 20,000 4-Due from bank Checking Account Saving Account 5-Checking Account Due to bank 55,000 22,000 28,000 8,500 8,500 6-Checking Account loan 8,500 8,500 7-Savings Account Checking Account cash 8-Reserve fund sold Due from bank 9-Due from bank Reserve fund sold Interest income 3,450,000 * 11 % * 3/365 10- Due from bank Redeemed bonds 15,000 10,000 5,000 3,450,000 3,450,000 3,453,119.17 3,450,000 3,119.17 3,000,000 3,000,000 1 | P a g e

2. QQ Q—2- Date Transaction Jan 1 Cash Due from bank Saving Account Jan 4Cash Checking Account Cashier chesks Jan 7 Demand deposit Customer now a/c Cashier checks Due from bank CB Jan 15 Saving Account Cash Certificate deposit Jan 20 Checking account Due from bank Cash Debit 20,000 7,000 Credit 27,000 40,700 900,000 80,000 540,000 30,000 10,700 400,000 300,000 200,000 60,000 20,000 200,000 340,000 Q—3- A)Treasury bills Cash 1,700,000 1,700,000 B)Treasury bills Interest income 1,700,000-2,000,000/10 30,000 30,000 C)Cash Security loss Treasury bills 1,920,000 20,000 1,940,000 2 | P a g e

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