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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by cheque. 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 cheque. 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 transitOutstanding chequesAdditionally, a $ cheque written and recorded by the company was incorrectly recorded by the bank as a $ deduction.The adjusted cash balance per the bank records should be: a$ b$ c$ d$ e$
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