ES-9 Adams Enterprises began operations on January 2, 2020, depositing $40,000 in the bank. During this first month of business, the following transactions occurred that affected the Cash account in the general ledger Cr Date De H40.000 5 $12.000 16,000 8 9 16 000 Description Depost Payment cheque 001 Payment cheque002 Cash sales Payment cheque 003 Cash sales Lank loan Equipment purchase, cheque 094 Payment on account cheque 005 Cash sales 15 18 20 10.000 12.000 50,000 74,000 17.000 31 25.600 Shortly after the end of January the company received its first bank statement: BANK STATEMENT FOR JANUARY 2020 Depe 40,000 Balance forward Deposit Cho001 Depot O000 Deposit lan lanco Jan lang 12.000 16,000 16,000 12.000 50,000 40,000 26.000 44,000 28.000 40,000 90.000 16,000 18.000 17,952 17.960 74.000 land Jan20 lan28 lan29 lans Jan Ch#004 Deposit Service Charge Interest 2.000 48 102.048 120,008 In preparing to do the bank reconciliation, Adams Enterprises noticed that the $2,000 deposit on January 29 was a bank error and informed the bank. The bank will correct the error on the next bank statement. Required Prepare Adams Enterprises bank reconciliation at January 31, 2020. 3 Preparing a bank reconciliation Adjusted balance, $14,560