Waec Model Questions Vol1 2017 Financial Accounting Question 35

The cash book of ABC Co. shows the following entries for the month: Opening balance (debit)          ₦20,000 Receipts: - Sales                              ₦45,000 - Loan received                      ₦10,000 - Interest received                  ₦500 Payments (recorded): - Purchases                            ₦30,000 - Rent                                  ₦5,000 - Salaries                              ₦8,000 - Bank overdraft repayment          ₦2,000 During the month it was discovered that a utility payment of ₦1,500 was omitted from the payments side, and a bank service charge of ₦200 appears on the bank statement but was not recorded in the cash book. What is the corrected closing cash balance at the end of the month?