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On January 25, Coot Company has $420,000 deposited with a local bank. On January 27, the company writes and mails checks of $37,000 and $77,000
On January 25, Coot Company has $420,000 deposited with a local bank. On January 27, the company writes and mails checks of $37,000 and $77,000 to suppliers. At the end of the month, Coot's financial manager deposits a $62,000 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 $37,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank? 368000 Ledger balance Available balance tA A On January 25, Coot Company has $420,000 deposited with a local bank. On January 27, the company writes and mails checks of $37,000 and $77,000 to suppliers. At the end of the month, Coot's financial manager deposits a $62,000 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 $37,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank? 368000 Ledger balance Available balance tA A
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