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Modos Company has deposited $4,060 in checks received from customers. It has written $1,550 in checks to its suppliers. The initial bank and book balance

Modos Company has deposited $4,060 in checks received from customers. It has written $1,550 in checks to its suppliers. The initial bank and book balance was $490. If $3,580 of its customers' checks have cleared, but only $440 of its own, calculate its float.

Multiple Choice

  • $630

  • $730

  • $780

  • $920

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