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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
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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