What might be included in a transaction-specific record of trust account activity?

A transaction-specific record of trust account activity primarily focuses on the individual transactions that occur within the account, capturing details relevant to those transactions. Ledger records are particularly significant in this context, as they provide a systematic and detailed breakdown of each transaction, including dates, amounts, and nature of the transactions. This specificity is essential for tracking financial activity and ensuring accountability within the trust account.

The other options, while related to the broader financial context, do not specifically pertain to transaction-specific records. Total assets of the trust provide an overview of the financial status but do not break down individual transactions. Property assessments offer value insights for assets but are separate from the transactional details recorded in ledgers. All previous transaction details could imply a comprehensive record rather than focusing on the specific nature of each transaction, which the ledger narrative encompasses. Thus, ledger records are the most relevant choice for understanding transaction-specific activities in a trust account.