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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 $19.861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following Deposit in transit Outstanding checks 1,750 918 Additionally, a $36 check written and recorded by the company correctly, was recorded by the bank as a $63 deduction The adjusted cash balance per the bank records should be: Multiple Choice O $22.556 $20693 20,666 820320

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