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At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $1,205
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At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $1,205 and $1,880. What is the company's disbursement float?

User Banshi
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Answer:

$2955

Step-by-step explanation:

company's disbursement float is basically the money that the company has written check for but not yet paid from the bank account. In this case it is $640,$975,$1340 and their sum = $2955

User Keymusicman
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