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You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (1) Collection float (3 marks)
You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (1) Collection float (3 marks) (ii) Disbursement float (3 marks) (iii) Net float? (3 marks) (iv) Book balance (3 marks) (v) Available balance
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