QUESTION 18 Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $18,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,450 Outstanding checks 837 Additionally, a $29 check written and recorded by the company was incorrectly recorded by the bank as a $92 deduction. The adjusted cash balance per the bank records should be: $16,137 O $19,037 $20,711 $18,974 $18,911