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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

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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 $29,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,750 Outstanding checks 1,458 Additionally, a $56 check correctly written and recorded by the company was recorded by the bank as a $65 deduction. The adjusted cash balance per the bank records should be: Multiple Choice $32,153 $24,662 $32,162

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