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AB Ltd.'s bank statement for July shows a balance of $23,900 at July 31st. Outstanding cheques at July 31st are $7,800 A deposit of $3025

AB Ltd.'s bank statement for July shows a balance of $23,900 at July 31st. Outstanding cheques at July 31st are $7,800 A deposit of $3025 made on July 30th is in transit and had not cleared the bank by July 31st. An automatic payment for $7,800 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?

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