Principal brokers must have trust account records of three things. Which set lists these records?

• A. ACCOUNT JOURNAL, LEDGER CARD, BROKER LEDGER CARD
• B. CASH RECEIPTS JOURNAL, LEDGER CARD, BANK RECONCILIATION
• C. TRUST STATEMENT, RECEITS LOG, DISBURSEMENTS REGISTER
• D. CLIENT LEDGER, CHECK REGISTER, TREASURY BALANCE

Answer: (A)

The essential idea is to maintain a precise, auditable trail for every trust fund transaction. The best set of records to accomplish this is an account journal, a ledger card, and a broker ledger card. The account journal tracks each trust activity in chronological order—every receipt, deposit, disbursement, and transfer—so you can see when funds moved and for what reason. The ledger card provides per-client detail, showing deposits and withdrawals and the running balance for each client’s funds, which helps ensure money is kept identifiable and accounted for. The broker ledger card consolidates the overall activity of the trust account, offering a summary balance that aligns with the bank statement and supports reconciliation. Together, these three records create a complete, auditable trail from individual client funds to final disbursement, meeting Colorado trust accounting requirements and facilitating audits.