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Q 3 . Sullivan Ltd had an unadjusted bank account ledger balance at 3 1 May. The bank statement at the same date showed a

Q3. Sullivan Ltd had an unadjusted bank account ledger balance at 31 May. 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?

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