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At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three checks

At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $1,205 and $1,880. What is the company's disbursement float?

Multiple Choice

  • $130

  • $3,085

  • $8,365

  • $2,955

  • $6,040

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