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The balance in the Colt Company's cash account on August 31 was $19,100 before the bank reconciliation was prepared. After examining the August bank statement
The balance in the Colt Company's cash account on August 31 was $19,100 before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found: Checks outstanding $4,100 Check from customer returned NSF 100 Note collected by bank for the Colt Company 1,550 Deposits outstanding 3,600 Bank service fees 60.
What is the amount of cash that should be reported in the balance sheet as of August 31?
$18,940
$20,490
$20,590
$18,600
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