What is the adjusted bank statement balance at month

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Reference no: EM133492847

Case: B Ltd.'s bank statement for July shows a balance of $25,650 at July 31st.

Outstanding cheques at July 31st are $11,300

A deposit of $3025 made on July 30th is in transit and had not cleared the bank by July 31st.
An automatic payment for $11,300 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?

Required 2: After preparing the bank reconciliation what is the correct adjusted Cash balance in AB's books to reflect this information?

Reference no: EM133492847

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