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You have $126,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $58,000. a. Does this create a
You have $126,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $58,000. a. Does this create a disbursement float or a collection float? b. What is your available balance? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is your book balance? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32
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