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 $25,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,850 Outstanding checks 1,215 Additionally, a $36 check written and recorded by the company correctly, was recorded by the bank as a $63 deduction. The adjusted cash balance per the bank records should be:\

Respuesta :

Answer: $‭27,023‬

Explanation:

The procedure is to;

Add the Deposit in transit

Add the overstatement of the check by the bank

Less the Outstanding checks;

= 25,361 + 2,850 + (63 - 36) - 1,215

= $‭27,023‬