Question: Problem 1 7 - 1 Calculating Float [ LO 1 ] You have $ 1 2 6 , 0 0 0 on deposit with no

Problem 17-1 Calculating Float [LO 1]
You have $126,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $58,000.
a. Does this create a disbursement float or a collection float?
b. What is your avallable balance?
Note: Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g.,32.
c. What is your book balance?
Note: Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g.,32.
\table[[a. Type of float,],[b. Available ballance,],[c. Book balance,]]
Problem 17-1 Calculating Float [LO 1] You have $126,000 on deposit

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