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 $25,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following:
Deposit in transit $2,850
Outstanding checks $1,215
Additionally, a $36 check written and recorded by the company correctly was recorded by the bank as a $63 deduction.
The adjusted cash balance per the bank records should be:
A.) $26,996
B.) $21,323
C.) $29,453
D.) $27,023
E.) $26,969
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » 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 $25,361 on deposit in the bank.