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 $19,361 on deposit in the bank. Ryan's
comparison of the bank statement to its cash account revealed the following: Deposit in transit $1,650
Outstanding checks
$891. Additionally, a $35 check written and recorded by the company correctly was recorded by the
bank as a $53 deduction.
The adjusted cash balance per the bank records should be:
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.
Search for Other Answers
You Might be Interested in
Determine whether the following are functions of the Federal Reserve. a. Act as a banker's bank, clear checks, and provide deposit services for banks: b. Changing tax rates in the economy to stabilize business cycles: c.
Answers (1)
What can provide key data so you can develop a marketing plan that works
Answers (1)
Department is related to the organization as employee is related to a performance is be subordinate see coworker D supervisor E team
Answers (1)
Which orientation in the evolution of the marketing concept was characterized by the supply of manufactured goods catching up with and then exceeding demand, leading businesspeople to realize they would have to promote their products to get buyers
Answers (1)
Multiple Select Question Select all that apply Which of the following are facility-level activities? Human resource hiring fairs Paying factory insurance Arranging for shipping products to a customer Setting up factory equipment Confidence Level
Answers (2)
New Questions in Business
Differentiate between needs and wants?
Answers (1)
On January 1, 2021, a company issues $800,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850.
Answers (1)
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90.
Answers (1)
In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.
Answers (1)
Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
Answers (1)