Following the allotment,the amount transferred from the Cash Trust account to the Cash account would be:
A)$150 000
B)$110 000
C)$100 000
D)$15 000.

Question

Quizplus · Accepted Answer

The amount transferred from the Cash Trust account to the Cash account would be $150,000. This is because the total amount of the allotment is $150,000, and the amount that is not transferred to the Cash account is $10,000.

Following the Allotment,the Amount Transferred from the Cash Trust Account