Problem:
You have $13,400 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
Question 1: Does this create a disbursement float or a collection float?
Question 2: What is your available balance?
Question 3: What is your book balance?
Note: Please show guided help with steps and answer.