Question: You have a 1 4 , 8 0 0 on deposit with no outstanding checks or unclear deposit assume you deposit a check for 6

You have a 14,800 on deposit with no outstanding checks or unclear deposit assume you deposit a check for 6400 does this create a disbursement flow or a collection float

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Grant Corp invested $1.8M on 4/1/2019. At the time, the project manager assigned forecasted that the cost of capital was 17% and the profit change for year ended '19 - '23 were as follows: 300K,...

Q:

7-122 Hard LO: 5 Lander Co. just received its bank statement for April. Their cash balance, according to the general ledger Cash account was $17,375 on April 1 and $25,557 on April 30. There were...

Q:

please show solution. thanks. This simulation presents the Keystone Computers & Networks, Inc. (Keystone) Cash Work Memo for the general account and petty cash prepared by two members of your audit...

Q:

Help Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August Year 1: As of August 31, the bank statement shows a balance of $16,140. The August...

Q:

? LOS BANK RECONCILIATION (1) - Word (Product Activation Failed) VIEW FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW Sign in Copy X Cut Un Paste * Format Painter Clipboard Arial -12 -...

Q:

Aberkonkie Corporation Post-Closing Trial Balance December 31, 2021 Credit Debit S 24,300 22.400 Cash Accounts Receivable Allowance for Doubtful Accounts Equipment Accumulated Depreciation-Equipment...

Q:

please click on the picture for the full information. ACR9 at December 31, 2021, is presented below Aberkonkie Corporation prepares quarterly financial statements. The post-closing trial balance...

Q:

Help Save & Exh Submit 1 Use the information given below to prepare the bank reconciliation for Feelgood Health Club Inc. for the month ended March 31 20X1 which you will need to answer the 3...

Q:

I really need an answer for module 3 entries (June 17-30) and midterm evaluation and final evaluation. I need them asap please help. Zacks Bike Hut Level II 1st Web-Based Edition Introduction Page 1...

Q:

I want the Midterm assessment answers and entries for June 17-30 I need this ASAP! Please Zacks Bike Hut Level II 1st Web-Based Edition Transactions For June 10-16 1 Page II - Module 2 Zacks Bike...

Q:

You are a Junior Accountant trainee in an accountancy firm which serves a number of clients with different financial needs. At the end of your training period your line manager wants to assess your...

Q:

Victor Mineli, the new controller of Carla Vista Co., has reviewed the expected useful lives and salvage values of selected depreciable asset categories at the beginning of 2021. Here are his...

Q:

You have the following data on (1) the average annual returns of the market for the past 5 years and (2) similar information on Stocks A and B. Which of the possible answers best describes the...

Q:

Hard Candy Inc. is considering issuing mandatorily redeemable preferred shares in order to raise funds. The new preferred shares would pay a dividend of $ 1 . 2 5 per share, be non - cumulative, and...

Q:

Solve B. 6a2-23a +20. a +2 2a2-a-10 2a-5