Fletcher and Associates Had an Unadjusted Bank Account Ledger Balance

question 8

Multiple Choice

Fletcher and Associates had an unadjusted bank account ledger balance at 31 May of $750 Dr. The bank statement at the same date showed a balance of $1090 Cr. Bank service charges for the month were $20 and outstanding cheques totalled $400. The bank statement revealed that the bank had collected dividends for the firm of $120 and a deposit of $150 is not yet recorded on the statement. What is the corrected bank account ledger balance at 31 May?

• A) $1190
• B) $650
• C) $850
• D) $1000

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