Business, 14.10.2021 01:10 chelsea1524
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 $27,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,350 Outstanding checks 1,350 Additionally, a $46 check written and recorded by the company correctly, was recorded by the bank as a $64 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 payments by...
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