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: 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
Correct Answer:

Verified
Correct Answer:
Verified
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