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What is the amount of the collection float

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Reference no: EM131402003

As of this morning, your firm had a ledger balance of $3,007 with no outstanding deposits or checks. Today, your firm deposited 2 checks in the amount of $120 each and wrote a check in the amount of $875. What is the amount of the collection float as of the end of the day?

Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131402003

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