As of Monday morning, the ledger balance and the available balance for a firm was $3,000.During the day, the firm wrote three checks in the amounts of $750, $225, and $452.The firm deposited a check for $560 and a check for $258.What is the amount of the collection float as of the end of the day assuming none of these checks have cleared?
A) $755
B) $1,427
C) $609
D) $818
E) $2,245
Correct Answer:
Verified
Q62: Which one of the 5 C's refers
Q63: Which of the following characteristics will tend
Q64: The primary goal of inventory management is
Q65: On any given day, Daisy's receives and
Q66: As of this morning, a firm had
Q68: For which one of the following instruments
Q69: On any given day, a firm receives
Q70: Which of these is a shortage cost?
A)Restocking
Q71: The optimal credit policy of any firm
Q72: Which report identifies the percentage of accounts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents