Question: New Help Save & Exit Submit at #2 Chapters 4-6 Not Proctored i MC Qu. 136 Ryan Company deposits... 29 Ryan Company deposits all cash
New Help Save & Exit Submit at #2 Chapters 4-6 Not Proctored i MC Qu. 136 Ryan Company deposits... 29 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 $21,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash ccount revealed the following: 00:48:06 Deposit in transit Outstanding checks 2,150 1,026 Additionally, a $45 check written and recorded by the company correctly was recorded by the bank as a $54 deduction The adjusted cash balance per the bank records should be Multiple Choice 0 O $22.985 0 O $22.976 0 $25,046 0 O $22.994 0 O 518,694
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
