Clayborn Company deposits all cash receipts on the day they are recelved and makes all cash payments by cheque. At the close of business on May 31, ifs Cash account shows a debit balance of $22525 Clayborn's May bank statement shows a $20,200 balance in the bank. Determine the adjusted cash balance using the following information The adjusted cash balance should be: Muliple Choice $21,350 514,500 $27050 521,375 522.445