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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 a
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 a $28,861 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following Deposit in transit 3,550 Outstanding checks 1,404 Additionally, a 548 check written and recorded by the company was incorrectly recorded by the bank as a $84 deduction The adjusted cash balance per the bank records should be. 531,043 $31.007 O $33.851 523.943 530.971
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