After preparing a bank reconciliation, the collection of a notice by the bank on a compared behalf would be recorded with A. A credit to Notes Receivable B. A credit to Cash C. A debit to Notes Receivable D. A credit to Accounts Receivable. The balance in the Colt Company's Cash account on August 31 was $19, 700, before reconciliation was prepared. After examining the August included with, the company's accountant found: Checks outstanding $4, 300 NSP check 140 Note collected by bank for the Colt Company 1, 200 Deposits outstanding 1, 800 Bank service fees 60 What is the amount of cash that should be reported in the balance sheet as of August A. $20, 700 B. $17, 200 C. $18, 700. D. $22, 200. The balance shown in the August bank statement of Colt Company was $23, 200, examining the August bank statement and items included with it, the company's accountant found: 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 amount of cash that should be reported in the balance sheet as of A A. $20, 700. B. $17, 200. C. $18, 700. D. $22, 200