At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $350, $715, and $975. The company also deposited checks for $545 and $930. What is the company's collection float?

At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $350, $715, and $975. The company also deposited checks for $545 and $930. What is the company's collection float?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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