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You have $138,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $46,000. a. Does this create a
You have $138,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $46,000. |
a. | Does this create a disbursement float or a collection float? |
b. | What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
c. | What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
a. Type of float= b. Available balance= c. Book balance= |
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