As a financial analyst for Microsoft Corporation, you need to prepare a bank reconciliation statement for the month of July 2024. The following information is available:

• The cash book balance as of July 31, 2024: $85,000
• Bank statement balance as of July 31, 2024: $90,000
• Outstanding checks: $7,000
• Deposits in transit: $4,000
• Bank service charges: $300
• An error in the cash book: A check for $700 was recorded as $70

Prepare the bank reconciliation statement for Microsoft Corporation as of July 31, 2024.