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Calculate the payment float, availability float, net float, available balance, and the firm's ledger balance, given the following recent transactions: Deposit of $65,000. Cheques mailed
Calculate the payment float, availability float, net float, available balance, and the firm's ledger balance, given the following recent transactions: Deposit of $65,000. Cheques mailed totaling $38,000. Deposit of $15,000. Of these transactions, only the first deposit has cleared the bank. The bank statement shows a $100,000 balance.
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