Calculating Float. You have $13,200 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $4,800, does this create a disbursement float or a collection float? What is your available balance? Book balance?

To determine if the deposit of $4,800 creates a disbursement float or a collection float, we need to understand the concepts of these floats.

Disbursement Float: This refers to the time it takes for funds to be subtracted from your account after you have written a check or made a payment.

Collection Float: This refers to the time it takes for funds to be added to your account after you deposit a check or receive a payment.

In this case, since you are depositing a check for $4,800, it will create a collection float. This means that there will be a delay between the time you deposit the check and when the funds become available in your account.

Now, let's calculate the available balance and book balance:

1. Available Balance: The available balance is the amount of funds you can access and use immediately. To calculate the available balance, follow these steps:

- Start with the initial deposit of $13,200.
- Add the deposit of $4,800.
- Subtract any outstanding checks or uncleared deposits (but you mentioned there are none).

Therefore, your available balance would be $13,200 + $4,800 = $18,000.

2. Book Balance: The book balance refers to the balance shown in your account records or statement, which may include pending transactions. To calculate the book balance, add the initial deposit and any pending deposits or pending withdrawals (uncleared checks).

Since there are no outstanding checks or uncleared deposits, the book balance will be equal to the available balance, which is $18,000 in this case.

To summarize:
- The deposit of $4,800 creates a collection float.
- The available balance is $18,000.
- The book balance is also $18,000.