A licensed brokerage maintains a trust account. On November 1st, the trust account balance was $75,000. During November, the brokerage received deposits totalling $35,000 and disbursed $28,000 for completed transactions. There was also a bank service charge of $50 incorrectly deducted from the trust account that was reversed at month-end. What should be the trust account balance on November 30th?

Question: A licensed brokerage maintains a trust account. On November 1st, the trust account balance was $75,000. During November, the brokerage received deposits totalling $35,000 and disbursed $28,000 for completed transactions. There was also a bank service charge of $50 incorrectly deducted from the trust account that was reversed at month-end. What should be the trust account balance on November 30th?

Answer options:

• $82,050 ✅ $82,000
• $81,950
• $82,100

Correct answer: $82,000

Explanation: Starting balance = $75,000. Add deposits = $75,000 + $35,000 = $110,000. Subtract disbursements = $110,000 - $28,000 = $82,000. The bank service charge reversal means the $50 was put back, correcting the deduction, so the original $82,000 calculation is correct if it was never supposed to be there.