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 $29,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,650 Outstanding checks 1,431 Additionally, a $49 check correctly written and recorded by the bank as a $94 deduction. The adjusted cash balance per the bank records should be:

Multiple Choice

• $24,325

• $34,487

• $31,580

• $31,625

• $31,535