Bill, the broker, is working with his reconciliation sheet. His balance on May 1 was $200,000. He has withdrawals and charges of $75,000. He has unrecorded deposits of Smith $5,000; Kenner $12,000; Jones $7,000; and Kebler $16,000. He has unrecorded withdrawals of Brown $5,000; Curits $3,000; Polland $8,000; and Paines $11,000. What is the balance in the trust account on June 1?

Answer rating: 100% (QA)

To find the balance in the trust account on June 1 we need to reconc... View the full answer