Float is defined as the difference between the balance shown on the books and the balance in the bank account. A lag often occurs between the time receipts and disbursements are recorded on the company's books and when the transactions clear the bank. Consider the following scenario: Jones Industries received a $20,000 check from one of its customers, deposited it into its bank account, and recorded it in its bank register. The funds were reflected in Jones's bank account two days later. What type of float does this scenario describe? Net float Collection float Disbursement float