You have $120,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $27,000. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1: Does this create a disbursement float or a collection float? (Click to select) Collection float Disbursement float

Requirement 2: What is your available balance?

Available balance $

Requirement 3: What is your book balance?

Book balance $