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Porkys Sausage Co. shows the following values on its corporate books. Porkys Sausage Co. Corporate Books: Initial amount $ 10,000 Deposits + 80,000 Cheques 50,000
Porkys Sausage Co. shows the following values on its corporate books.
Porkys Sausage Co. Corporate Books: | ||
Initial amount | $ | 10,000 |
Deposits | + | 80,000 |
Cheques | 50,000 | |
Balance | $ | 40,000 |
The initial amount on the banks books is also $10,000. However, only $70,000 in deposits has been recorded and only $25,000 in cheques have cleared.
Fill in the table below and indicate the amount of float. (Enter all values as positive value.)
Porkys Sausage Co. Bank Books: | ||
Initial amount | $10,000 | |
Deposits | ||
Cheques | ||
Balance | $ | |
Float | $ | |
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