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 $28,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following:

Deposit in transit	3,450
Outstanding checks	1,377

Additionally, a $47 check written and recorded by the company correctly was recorded by the bank as a $74 deduction. The adjusted cash balance per the bank records should be: