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Ryan Company Deposits All Cash Receipts on the Day They

Question 114

Multiple Choice

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 $18,361 on deposit in the bank.Ryan's comparison of the bank statement to its cash account revealed the following: 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 $18,361 on deposit in the bank.Ryan's comparison of the bank statement to its cash account revealed the following:   Additionally,a $29 check correctly written and recorded by the company was recorded by the bank as a $92 deduction. The adjusted cash balance per the bank records should be: A) $18,974 B) $18,911 C) $20,711 D) $19,037 E) $16,137 Additionally,a $29 check correctly written and recorded by the company was recorded by the bank as a $92 deduction.
The adjusted cash balance per the bank records should be:


A) $18,974
B) $18,911
C) $20,711
D) $19,037
E) $16,137

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