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On January 25, Coot Company has $440,000 deposited with a local bank. On lanuary 27, the company writes and malls checks of $39,000 and $79,000

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On January 25, Coot Company has $440,000 deposited with a local bank. On lanuary 27, the company writes and malls checks of $39,000 and $79,000 to sippliers. At the end of the month. Coot's financial manager deposits a $64,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $39,000 payment of the 27 th has cleared the bank. What is the company's avallable balance with its bank

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