As of this morning,a firm had a ledger balance of $684 with no outstanding deposits or checks.Today,the firm deposited six checks in the amount of $49 each and wrote a check in the amount of $283.What is the amount of the collection float as of the end of the day assuming none of these checks had cleared?
A) $11
B) $474
C) $283
D) $294
E) $978
Correct Answer:
Verified
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