Business, 15.04.2020 03:01 sngarcia

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:

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

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