The balance in a 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:

Checks outstanding $ 4,300

NSF check 140

Note collected by bank for the Colt Company 1,200

Deposits outstanding 1,800

Bank service fees 60

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

A) $20,700.

B) $17,200.

C) $18,700.

D) $22,200.

Answer: $20,700.,