You have $130,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $54,000.
Does this create a disbursement float or a collection float?
(Click to select)Disbursement floatCollection float
What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Available balance $
What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Book balance $