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    Ledger balance with the bank and the net float.

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    My company has $250,000 deposited with a local bank. Two days later, my company writes and mails checks of $20,000 and $60,000 to suppliers. At the end of the month, I deposit a $45,000 check received from a customer in the morning mail and pick up the end-of-month account summary from the bank. I note that only the $20,000 payment of the two days later has been cleared by the bank. What is my company's ledger balance with the bank and the net float?

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    Your company starts with $250,000. It writes two checks totaling $80,000 and receives a check for the amount of ...

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