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	50

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