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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 $20,861

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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 $20,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,958 Outstanding checks 972 Additionally, a $38 check written and recorded by the company correctly, was recorded by the bank as a $83 deduction The adjusted cash balance per the bank records should be: Multiple Choice $21884 $23.828 $17.984 $21839

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