Your Firm's Ledger Shows a Balance of $1 Million Which

question 132

Multiple Choice

Your firm's ledger shows a balance of $1 million which reflects today's $75,000 deposit and a check for $50,000 that went out in yesterday's mail.What is the bank's ledger balance for your account?

• A) $875,000
• B) $975,000
• C) $1,025,000
• D) $1,125,000

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Definitions:

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