Question

Subject: Accounting

PLEASEE DO ANSWER

13 On 1 April Mary had a bank overdraft of $1450. On 2 April she paid $250 cash into the bank and paid rent, $390, by cheque.
What is Mary's bank overdraft after the transactions on 2 April? Explain your answer.

A $810 B $1310 C $ 1590 D $2090

Answer 1

C

Step-by-step explanation:

Mary's account was negative $1450. she paid $250 in cash making her account negative $1200. when her cheque clears the bank she will be overdrawn $1590

-1450+250= (1200) -1200-390=($1590) over drawn