As of this morning, a firm had a ledger balance of $1,695 with no outstanding deposits or checks.Today, the firm deposited five checks in the amount of $32each and wrote a check in the amount of $465.What is the amount of the collection float as of the end of the day assuming none of these checks had cleared?
A)$305
B)$625
C)$283
D)$160
E)$1,070

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The Answer of As of this morning, a firm had a ledger balance of $1,695 with no outstanding deposits or checks.Today, the firm deposited five checks in the amount of $32each and wrote a check in the amount of $465.What is the amount of the collection float as of the end of the day assuming none of these checks had cleared?
A)$305
B)$625
C)$283
D)$160
E)$1,070

As of This Morning, a Firm Had a Ledger Balance