Ryan Company Deposits All Cash Receipts on the Day They

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 written and recorded by the company correctly 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