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 $30.361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,850 Outstanding checks1,485 Additionally, a $57 check witten and recorded by the company correctly was recorded by the bank as a $75 deduction. The adjusted cash balance per the bank records should be Multiple Choice $32,744 32,708 $32,726 $35,714 $25,044
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