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Modos Company has deposited $4,160 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance

Modos Company has deposited $4,160 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $420. If $3,540 of its customers' checks have cleared, but only $410 of its own, calculate its float.

Multiple Choice

  • $580

  • $480

  • $1,030

  • $630

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