What is the companys ledger balance

Reference no: EM13261090

On January 25, Coot Company has $260,000 deposited with a local bank. On January 27, the company writes and mails checks of $21,000 and $61,000 to suppliers. At the end of the month, Coot's financial manager deposits a $46,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $21,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank?

Reference no: EM13261090

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