Question: 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

Problem 17-1 Calculating Float (LO 1) You have $126,000 on deposit

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? What is your available balance? (Do not round intermediate calculations and round ** your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your ** answer to the nearest whole number, e.g., 32.) a Disbursement float Type of float Available balance c. Book balance

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