Ryan Company deposits all cash receipts on the day they are received and makes all cash...
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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 $21,361 balance in the bank Ryan's comparison of the bank statement to its cash account revealed the following: 2,050 Deposit in transit Outstanding checke Additionally, a $39 check written and recorded by the company was incorrectly recorded by the bank as a $93 deduction. The adjusted cash balance per the bank records should be: 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 $21,361 balance in the bank Ryan's comparison of the bank statement to its cash account revealed the following: 2,050 Deposit in transit Outstanding checke Additionally, a $39 check written and recorded by the company was incorrectly recorded by the bank as a $93 deduction. The adjusted cash balance per the bank records should be:
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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