The balance in the Colt Company's Cash account on August 31 was $19,700,before the bank reconciliation was prepared.After examining the August bank statement and items included with it,the company's accountant found: What is the amount of cash that should be reported in the balance sheet as of August 31?

Question

The balance in the Colt Company's Cash account on August 31 was $19,700,before the bank reconciliation was prepared.After examining the August bank statement and items included with it,the company's accountant found:  What is the amount of cash that should be reported in the balance sheet as of August 31?

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The Answer of The balance in the Colt Company's Cash account on August 31 was $19,700,before the bank reconciliation was prepared.After examining the August bank statement and items included with it,the company's accountant found:  What is the amount of cash that should be reported in the balance sheet as of August 31?

The Balance in the Colt Company's Cash Account on August