Accounting · Ledger Adjustments

An entity maintains a receivables ledger account and a payables ledger account in its general ledger. At the month-end, the following information is available: - Receivables ledger account balance: $45,700 (debit) - Payables ledger account balance: $22,300 (credit) - A contra entry of $1,200 was recorded by debiting the receivables ledger and crediting the payables ledger in error. - A dishonored check from a customer for $850 was correctly recorded in the bank statement but has not yet been reflected in the general ledger. What is the correct balance on the receivables ledger account after making the necessary adjustments?