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ou have $15,000 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $6,600. Does this create a disbursement float or a collection float

ou have $15,000 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $6,600.

Does this create a disbursement float or a collection float?

(Click to select)Disbursement floatCollection float

What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Available balance $

What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Book balance $

 

May 07 2021 View more View Less

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