AB Ltd.'s bank statement for July shows a balance of $23,400 at July 31st. Outstanding cheques at July 31st are $6,800 A deposit of $3025 made on July 30th is in transit and had not cleared the bank by July 31st. An automatic payment for $6,800 was erroneously charged by the bank against your account while it belongs to another bank customer (bank error).

Required 1: After preparing the bank reconciliation what is the adjusted Bank Statement balance at month end to reflect this information? $

Required 2: After preparing the bank reconciliation what is the correct adjusted Cash balance in AB's books to reflect this information?