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3 years ago

You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.

Business

1 answer:

cricket20 [7]3 years ago

6 0

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

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fenix001 [56]

Answer:

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3 years ago

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