As of Monday morning, the ledger balance and the available balance for a firm was $12,600 there were neither disbursement nor collection floats. During the day, the firm wrote three checks in the amounts of $1,900, $990, and $1,810. The firm deposited a check for $1,360 and a check for $2,825. For this question, assume at the end of the day, no checks deposited or written had cleared.

1. What is the amount of the collection float as of the end of the day?

2. What is the amount of the disbursement float as of the end of the day?

3. What is the amount of the net float as of the end of the day?

4. At the end of the day assuming no other transactions than the ones already discussed, what is

   the ledger balance at the end of the day?

5. At the end of the day assuming no other transactions than the ones already discussed, what is

   the available balance at the end of the day?