Question: answer asap Given the following availability schedule, what are the ledger and collected balances at 5:00 p.m. Friday if a check for $5,000 drawn on
Given the following availability schedule, what are the ledger and collected balances at 5:00 p.m. Friday if a check for $5,000 drawn on a St. Louis bank and a check for $4.000 drawn on a New York bank are both deposited at 9:00 a.m. Friday morning? Assume Friday's opening ledger and collected balances are both $9,000 and the ledger cutoff time is 5:00 p.m. Endpoint Availability Deposit Deadline New York O 11:00 am St. Louis 7:00 a.m. Los Angeles 1:00 a.m. What is the closing ledger and available balance for New York? 1 2 ledger balance-$13,000, available balance-59.000 ledger balance-513,000: available balance-$13,000 ledger balance-59.000; available balance-$13.000 ledger balance-$9.000 available balance-$14.000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
