On January 25 , Coot Company has \\( \\$ 280,000 \\) deposited with a local...
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Finance
On January 25 , Coot Company has \\( \\$ 280,000 \\) deposited with a local bank. On January 27 , the company writes and mails checks of \\( \\$ 23,000 \\) and \\( \\$ 63,000 \\) to suppliers. At the end of the month, Coot's financial manager deposits a \\( \\$ 48,000 \\) 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 \\( \\$ 23,000 \\) payment of the \\( 27 t \\) has cleared the bank. What is the company's available balance with its bank
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