1. As of this morning, your firm had a ledger balance of $4,843 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $497 each and wrote 14 checks in the amount of $635 each. What is the amount of the disbursement float as of the end of the day?
2. Month Sales $ Month Sales $ Jan 35,777 July 41,605 Feb 21,248 Aug 18,333 Mar 18,333 Sep 35,777 Apr 41,605 Oct 18,333 May 35,777 Nov 21,248 June 21,248 Dec 41,605 Sales are collected as follows: In the month of Sales: 34% In the next month: 28% After 2 months: 9% Remainder is considered as bad debt and is not collected. Calculate the cash collection for June.