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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 $25,361

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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 $25,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,850 Outstanding checks 1,215 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 $26.996 $29,453 520323 $27023

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