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Discuss what is the amount of cash that should be reported

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The balance shown in the August bank statement of Colt Company was $23,700. After examining the August bank statement and items included with it, the company's accountant found:

Checks outstanding $4,800  
  NSF check 130  
  Note collected by bank for the Colt Company 1,300  
  Deposits outstanding 2,500  
  Bank service charges 70  

What is the amount of cash that should be reported in the balance sheet as of August 31?

Reference no: EM131752136

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