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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
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 $ balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following:
Deposit in transit
Outstanding checks
Additionally, a $ check written and recorded by the company was incorrectly recorded by the bank as a $ deduction.
The adjusted cash balance per the Jank records should be:
A $
B $
C $
D $
E $
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