When you reconciled your chequebook, you had an adjusted bank balance of $4,068. You had 5 cheques outstanding with a total value of $6,213 and 3 outstanding deposits worth $1,629 each.
What is the amount of your collection float?
A) $1,326
B) $3,701
C) $4,887
D) $5,394
E) $6,213
Correct Answer:
Verified
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