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Y started the month with a positive balance of $1,780 on his bank account. What is
the balance after the following transactions in June?
1 Y withdraws $200 per week to cover living expenses.
2 A settlement discount of $30 is taken by a customer on a sale of $600.
3 An amount of $400 is received from a credit customer.
4 Bankings of $1,200 from petty cash.
A $3,750
B $3,150
C $3,180
D $2,580Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers – they have answers and workings.
Either tell me what your answer is and I will tell you whether or not you are correct, or tell me what it is in the question that is causing you a problem and I will explain.
(Have you watched my free lectures? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.)
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