You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for...

 

Transcribed Image Text:

You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (i) Collection float (ii) Disbursement float (iii) Net float? (iv) Book balance (v) Available balance (3 marks) (3 marks) (3 marks) (3 marks) (3 marks) You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (i) Collection float (ii) Disbursement float (iii) Net float? (iv) Book balance (v) Available balance (3 marks) (3 marks) (3 marks) (3 marks) (3 marks)

Answer rating: 100% (QA)

The image contains an accounting problem that involves understanding different concepts related to a checking account and the timing of transactions S... View the full answer