Question

The available balance of Company A is $200. On January 3, if Company A has deposited...

The available balance of Company A is $200. On January 3, if Company A has deposited a check for $125 and written check for $150, what will be its net float on that day? Round to the nearest whole dollar.

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Answer #1

Ans $ 175

net float on that day = Opening Balance + Deposit - Withdrawal

                                 = 200 + 125 - 150

                                 = $ 175

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