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 $19,361 on deposit in the bank. Ryan's
comparison of the bank statement to its cash account revealed the following: Deposit in transit $1,650
Outstanding checks
$891. Additionally, a $35 check written and recorded by the company correctly was recorded by the
bank as a $53 deduction.
The adjusted cash balance per the bank records should be:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Read each answer choice. choose the one that uses commas correctly. a nationally recognized coaches, earn healthy salaries benefit from speaking engagements garner lucrative sponsorships and enjoy the benefits, of celebrity status.
Answers (1)
Which of the following organizations would be MOST likely to face a dynamic/complex environment? a. Oracle b. Whirlpool c. JCPenney d. Tyson Foods e. Merck
Answers (1)
Fillia, inc. worked on three jobs this period: job 14c, which cost $15,000; job 23a, which cost $28,000, and job 45b, which cost $23,000. at the end of the period, only job 14 was still in process (unfinished).
Answers (1)
The primary responsibility for preparing individual career plans rests with the:
Answers (1)
Wexler, Inc.'s income statement showed total expenses for the year to be $50,000. If the company's revenues for the year were $135,000 and its year-end cash balance was $35,000, what was Wexler's net income for the year?
Answers (1)
New Questions in Business
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.
Answers (1)