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CH 17 Drill Q3 You have $36,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,100 and
CH 17 Drill Q3
You have $36,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,100 and then deposit a check for $6,900. (Enter your answer as directed, but do not round intermediate calculations.)
Required: What are your disbursement, collection, and net floats? (Negative amounts should be indicated by a minus sign.) Disbursement float $ ___________ Collection float $ ______________ Net float $______________
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