Business, 20.10.2021 14:00 cristabean87

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 a $22,861 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,350
Outstanding checks 1,080

Additionally, a $47 check written and recorded by the company was incorrectly recorded by the bank as a $74 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...