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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryans June bank statement shows a

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryans June bank statement shows a $23,361 balance in the bank. Ryans comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,450Outstanding checks 1,107Additionally, a $48 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:Multiple Choice$24,704$24,668$26,954$24,740$19,840

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