The balance shown in the August bank statement of Colt Company was $23,200. After examining the August bank statement and items included with it, the company's accountant found: Outstanding checks $4,300 NSF check $140 Note collected by bank for the Colt Company $1,200 Deposits in transit $1,800 Bank service fees $60 What is the amount of cash that should be reported in the balance sheet as of August 31? $18,700 $20,700 $22,200 $17,200