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question the balance in the colt company 39 s cash account on august 31 was 18 900 b 4290504

Question

The balance in the Colt Company's cash account on August 31 was $18,900 before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found:

What is the amount of cash that should be reported in the balance sheet as of August 31?

$18,740

$18,400

$20,350

$20,240

  Checks outstanding

$4,500

  NSF check

110

  Note collected by bank for the Colt Company

1,500

  Deposits outstanding

4,000

Bank service fees

50

 

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