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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 $21,361
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 $21,361 on deposit in the bank, Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit Outstanding checks 2,050 999 Additionally, a $39 check written and recorded by the company correctly, was recorded by the bank as a $93 deduction. The adjusted cash balance per the bank records should be: Multiple Choice o $24.464 . $22,412 O $22,358 O $18,366 O $22,466
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