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What the adjusted cash balance per the bank records

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Question - 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 $24,861 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following:

Deposit in transit 2,750

Outstanding checks 1,188

Additionally, a $32.5 check written and recorded by the company was incorrectly recorded by the bank as a $2.53 deduction. What the adjusted cash balance per the bank records?

Reference no: EM133118421

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