On Jan 25 a company has 250,000 deposited with a local bank. On Jan 27 the company writes and mails checks of 20,000 and 60,000 to suppliers. At the end of the month the financial manger deposits a 45,000 check received from a customer and picks up the end of the month account summary from the bank. Tha manager notes that only the 20,000 payment of the 27th has cleared the bank. What is the company's ledger balance with it's bank? What is the company's net float?


Would the ledger balance just be the deposits minus the payments or just the one payment taken out that has cleared?

And would the net float be the checks that have not cleared yet?
Would the deposit of 45,000 be put onto next month's account?
I am asking al these extra questions because I am trying to get it clear in my head.