Solved

Storyboard Ltd Had an Unadjusted Bank Account Ledger Balance at 31

Question 35

Multiple Choice

Storyboard Ltd had an unadjusted bank account ledger balance at 31 May of $800 Dr.The bank statement at the same date showed a balance of $1090 Cr.Bank service charges for the month were $10 and outstanding cheques totalled $400.The bank statement revealed that the bank had collected dividends for the firm of $50 and a deposit of $150 is not yet recorded on the statement.What is the corrected bank account ledger balance at 31 May?


A) $440
B) $840
C) $990
D) $1090

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions