AB Ltd `s bank statement for July shows a balance of $ 21850 at July 31st:

Outstanding cheques at July 31st are $3700

A deposit of $3025 made on July 30th is in transit and had not cleared the bank by July 31st

An automatic payment for $3700 was erroneously charged by the bank against your account while it belongs to another bank

customer {bank error}

1. After preparing the bank reconciliation what is the adjusted bank settlement balance at month end to reflect this information?
2. After preparing the bank reconciliation what is the correct adjusted cash balance in AB books to reflect this information?