Business, 18.02.2020 19:55 aruhter2843
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: Checks outstanding $4,500 NSF check 110 Note collected by bank for the Colt Company 1,500 Deposits outstanding 4,000 Bank service fees 50What is the amount of cash that should be reported in the balance sheet as of August 31?A. $18,740B. $18,400C. $20,350D. $20,240
Answers: 3
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Answers: 1
The balance in the Colt Company's cash account on August 31 was $18,900 before the bank reconciliati...
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