Mr Jackson's Bank Statement Shows a Balance of $1,278

question 22

Multiple Choice

Mr. Jackson's bank statement shows a balance of $1,278.35. There are three outstanding deposits of $145, $50, and $714.90. The outstanding checks were: Check 567 for $236.89, Check 569 for $27.43, Check 570 for $8, and Check 573 for $45.39. If Mr. Jackson's checkbook balance shows $1,843.41, what did he fail to record?

• A) Deposit of $145
• B) Check 567 for $236.89
• C) Check 569 for $27.43
• D) ATM withdrawal of $60

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Definitions:

OPD Program

A training or professional development program, often found in various professions, designed to enhance skills, knowledge, and competency.

Bankruptcy and Insolvency Act

A federal statute that governs the processes for the bankruptcy and insolvency of individuals and businesses in Canada.

Builder's Lien Act

Legislation that allows contractors and suppliers to place a lien on a property as security for payment for services rendered or materials supplied.

Lien Claim

A right granted by law to a creditor over the property of a debtor as security for the debt.