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6. The balance shown in the August bank bank statement and items included with it, the company's accountant found: statement of Colt Company was $23,200.
6. The balance shown in the August bank bank statement and items included with it, the company's accountant found: statement of Colt Company was $23,200. After examining the August Checks outstanding $4,300 NSF check 140 Note collected by bank for the Colt Company 1,200 Deposits outstanding 1,800 Bank service fees 60 What is the bank balance after completing the bank reconciliation A. $20,700. B. $17,200. C. $18,700. D. $22,200. 7. A company reports the following amounts at the end of the year: Total sales $400,000, cash $35,000; sales discounts # $10,000, accounts receivable-320,000, sales returns-315,000, operating expenses-$70,000; sales allowances $25,000. Compute net revenues
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