Qu. 4-13 O The balance In a company's Cash account...The balance in a company's Cash account on August 31 was $19,800 before the banık reconciliation was prepared.statement and items included with it, the company's accountat found:Checks outstanding$4,100NSF check120Note collected by bank for the Colt CompanyDeposits outstandingBank service fees1,9003,600230What is the amount of cash that should be reported in the balance sheet as of August 31?Multiple Choice$21,350.23 of 50Drou

A cash account refers to the account which reflects all the money transactions made by an entity.

Answered: Colt Company 1. 3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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