As of Monday Morning,the Ledger Balance and the Available Balance

question 27

Multiple Choice

As of Monday morning,the ledger balance and the available balance for a firm was $2,100.During the day,the firm wrote three checks in the amounts of $674,$420,and $236.The firm deposited a check for $387 and a check for $638.What is the amount of the collection float as of the end of the day assuming none of these checks have cleared?

• A)$305
• B)$1,330
• C)$840
• D)$1,025
• E)$2,355