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 $25,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following Deposit in transit Outstanding checks 2,950 1, 242 Additionally, a $37 check written and recorded by the company correctly was recorded by the bank as a $73 deduction The adjusted cash balance per the bank records should be Multiple Choice $27569 $27,533