Answered
When you reconciled your chequebook, you had an adjusted bank balance of $2,650. You had 6 cheques outstanding with a total value of $4,100 and 2 outstanding deposits worth $1,200 each. What is the amount of your collection float?
A) $1,200
B) $2,400
C) $6,500
D) $24,600
E) $27,000
On Jun 30, 2024