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Storyboard Ltd had an unadjusted bank account ledger balance at 31 May of $800 Dr....

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Question

Accounting

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 $1,090 Cr. Bank service charges for the month were $10 and outstanding cheques totaled $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 bank statement. What is the corrected bank account ledger balance at 31 May?

Select one:

a.

$440

b.

$840

c.

$990

d.

$1,090

e.

$800

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