ABC Corporation operates a current account within a community financial institution. As of July $31,$ highlighted figures from both the ledger balance and the financial institution's statement are presented for examination.$*$ Book:$*$ Cash Balance per book $($Beginning Balance$)$ $$17,600*$ July Cash receipts $$81400*$ July Cash Disbursements $$77150*$ Bank:$*$ Cash Balance per bank $($Beginning Balance$)$ $$16800*$ July bank credits $$82470*$ July bank debits $$74756$Analysis of the bank data reveals that the credits consist of $$81,000$ of July deposits and a credit memorandum of $$1,470$ for collecting a $$1,400$ note plus interest revenue of $$70.$ The July debits per bank consist of checks cleared of $$74,700$ and a debit memorandum of $$56$ for printing additional company checks. You also discover the following errors involving July checks:$*$ A check for $$230$ to a creditor on account that cleared the bank in July was journalized and posted as $$320.*$ A salary check to an employee for $$255$ was recorded by the bank for $$155.$The June $30$ bank reconciliation contained only two reconciling items: deposits in transit of $$7,000$ and outstanding checks of $$6,200.$Based on the above information answer the following questions, related to the July $31$ bank reconciliation:In writing your answers in the below boxes, make sure to type only the number without any dollar sign, otherwise the system will consider it incorrect.Hide$*$ What is the value of the deposit in transit as of July $31?*$ What is the value of the outstanding checks as of July $31?*$ What amount must be subtracted from the bank's balance as of July $31?*$ What amount must be added to the book's balance as of July $31?*$ What is the adjusted cash balance per book as of July $31?$