As of Monday morning, the ledger balance and the available balance for a firm was $3,600. During the day, the firm wrote 3 checks in the amounts of $230, $590, and $870. The firm deposited a check for $360 and a check for $910. What is the amount of the collection float as of the end of the day?
A) $420
B) $580
C) $840
D) $1,270
E) $1,690
Correct Answer:
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