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You have $13,400 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,000. (Enter your answer as directed, but
You have $13,400 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,000. (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)Disbursement floatCollection float |
Requirement 2: |
What is your available balance? |
Available balance | $ |
Requirement 3: |
What is your book balance? |
Book balance | $ |
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