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Ryan Company deposits all cash receipts on the day they are received and makes all...

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Accounting

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 $24,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,650 Outstanding checks 1,161 Additionally, a $34 check written and recorded by the company was incorrectly recorded by the bank as a $43 deduction. The adjusted cash balance per the bank records should be: Multiple Choice $25,859 $28,181 $20,559 $25,841 $25,850

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