The manager notes that only the 33000 payment of the 27th


On January 25, Coot Company has $380,000 deposited with a local bank. On January 27, the company writes and mails checks of $33,000 and $73,000 to suppliers. At the end of the month, Coot's financial manager deposits a $58,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $33,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: The manager notes that only the 33000 payment of the 27th
Reference No:- TGS0599729

Expected delivery within 24 Hours