Ryan Company Deposits All Cash Receipts on the Day They $$\begin{array} { | l | r |} \hline \text { Deposit in transit } & 1,450 \\\hline \text { Outstanding checks } & 837 \\\hline\end{array}$$

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 $18,361 on deposit in the bank.Ryan's comparison of the bank statement to its cash account revealed the following:
$$\begin{array} { | l | r |} \hline \text { Deposit in transit } & 1,450 \\\hline \text { Outstanding checks } & 837 \\\hline\end{array}$$
Additionally,a $29 check written and recorded by the company correctly was recorded by the bank as a $92 deduction.
The adjusted cash balance per the bank records should be:

A) $18,974
B) $18,911
C) $20,711
D) $19,037
E) $16,137