4 points
The balance in the Colt Company's Cash account on August 31 was $19,700, before the bank reconciliation was prepared. After examining the August bank statement and items included
with it, the company's accountant found:
Checks outstanding
NSF check
Note collected by bank for the Colt Company
Deposits outstanding
Bank service fees
$4,300
140
1,200
1,800
60
What is the amount of cash that should be reported in the balance sheet as of August 31?
$18,700.
$22,200.
$17,200.
$20,700.
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Question 5 of 25