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Your Bank Account Currently Shows a Balance of $1,880

Question 94

Essay

Your bank account currently shows a balance of $1,880.You deposit $200 into the account and write a cheque for $80.
Show that your ledger balance plus payment float equals the bank's ledger balance, which in turn equals the available balance plus availability float.

Correct Answer:

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Ledger balance plus payment float = $2,0...

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