The Ministry of Water Resources asked the bank to pay the value of the letter of guarantee due to the company's inability to implement its obligations, and the necessary was done, noting the value of the letter of guarantee is 1000000 and the deposits are 25% 0 (1) 1,000,000 from h/ receivables letters of guarantee paid 1693 1,000,000 to h/ checks drawn on the bank 2563 (B) 1,000,000 of h/ credit current accounts to the private sector > 2517 individuals 1000000 to h / debit letters of guarantee paid 1693 (C) 250000 from h/ deposits against letters of guarantee 2552 ) 25000 0 to h Loredi+ ourrent nto/privete oecter individuele 256 1
The Ministry of Water Resources asked the bank to pay the value of the letter of guarantee due to the company's inability to implement its obligations, and the necessary was done, noting the value of the letter of guarantee is 1000000 and the deposits are 25% 0 (1) 1,000,000 from h/ receivables letters of guarantee paid 1693 1,000,000 to h/ checks drawn on the bank 2563 (B) 1,000,000 of h/ credit current accounts to the private sector > 2517 individuals 1000000 to h / debit letters of guarantee paid 1693 (C) 250000 from h/ deposits against letters of guarantee 2552 ) 25000 0 to h Loredi+ ourrent nto/privete oecter individuele 256 1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The Ministry of Water Resources asked the bank to pay the value of the letter
of guarantee due to the company's inability to implement its obligations,
and the necessary was done, noting the value of the letter of guarantee is
1000000 and the deposits are 25%
0 (1) 1,000,000 from h/ receivables letters of guarantee paid
1693 1,000,000 to h/ checks drawn on the bank 2563
L (B) 1,000,000 of h/ credit current accounts to the private sector )
2517 individuals 1000000 to h/ debit letters of guarantee paid
1693
(C) 250000 from h/ deposits against letters of guarantee 2552
250000 to h/ credit current accounts/ private sector individuals 2561](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d9b6578-8d5d-4eae-90db-46ccb3762ffe%2F47c04814-09e9-4d34-8ab2-84912966b59a%2Fwlctp69_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Ministry of Water Resources asked the bank to pay the value of the letter
of guarantee due to the company's inability to implement its obligations,
and the necessary was done, noting the value of the letter of guarantee is
1000000 and the deposits are 25%
0 (1) 1,000,000 from h/ receivables letters of guarantee paid
1693 1,000,000 to h/ checks drawn on the bank 2563
L (B) 1,000,000 of h/ credit current accounts to the private sector )
2517 individuals 1000000 to h/ debit letters of guarantee paid
1693
(C) 250000 from h/ deposits against letters of guarantee 2552
250000 to h/ credit current accounts/ private sector individuals 2561
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