You are working for a company that asked you to check the bank statement balance and details against the company's general ledger. You gather all these details:

Outstanding cheques at January 31st are $11,900

A deposit of $3025 made on January 30th is in transit and had not cleared the bank by January 31st.

An automatic payment for $11,900 was erroneously charged by the bank against your account while it belongs to another bank customer (bank error).

The bank statement for January shows a balance of $25,950 at January 31st.

The company operates with one bank that offers a regular chequing account and a business line of credit at 8% per year.

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 the company's books to reflect this information? $