---- deposits all cash receipts on the day they are received and makes all cash payments by check. The June bank statement shows $30,686 on deposit in the bank at the end of the month. Comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,100 Outstanding checks 1,366 Additionally, a $47 check written and recorded by the company correctly was recorded by the bank as a $74 deduction. The adjusted cash balance per the bank records should b