Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31 , its Cash account shows a debit balance of $24,162. Franklin's August bank statement shows $23,037 on deposit in the bank. Determine the adjusted cash balance using the following information: The adjusted cash balance should be: Multiple Choice $30,837 $16,937. $24,897 $24,002 $24,737