Bank Reconciliation Shaded cells have feedback. The company's accounting intern has prepared the end-of-January bank reconciliation from the bank statement, and is worried because the Adjusted Balance amounts do not agree. After reviewing the bank reconciliation, scroll down for the next steps in helping the intern. Murdstone, Inc. Bank Reconciliation January 31, 2017 1 Cash balance according to bank statement $23,557.98 2 Adjustments: 3 Deposit in transit on January 31 $12,125.25 4 (62.00) 5 Outstanding Check No. 124 Outstanding Check No. 125 Outstanding Check No. 129 (42.00) 6 (1,250.00) 7 Total adjustments 10,771.25 8 Adjusted balance $34,329.23 9 10 Cash balance according to Murdstone, Inc. $51,606.88 11 Adjustments: 12 Note and interest collected by bank $15,250.75 13 Check returned because of insufficient funds (23,475.40) (350.00) 14 Bank service charge 15 Error in recording Check No. 123 (9,000.00) 16 Total adjustments (17,574.65) 17 Adjusted balance $34,032.23 You assist the intern to check source documents, and find that most of the dollar amounts are correct; however, two dollar amounts are incorrect. After reviewing the 12 Note and interest collected by bank $15,250.75 13 Check returned because of insufficient funds (23,475.40) 14 Bank service charge (350.00) (9,000.00) 15 Error in recording Check No. 123 16 Total adjustments (17,574.65) 17 Adjusted balance $34,032.23 You assist the intern to check source documents, and find that most of the dollar amounts are correct; however, two dollar amounts are incorrect. After reviewing the following table, scroll down for the next steps in helping the intern. Item Correct in Intern's Reconciliation? If "No." Corrected Amount Cash balance according to bank statement Yes Deposit in transit on January 31 Yes Outstanding Check No. 124 Yes No $24.00 Outstanding Check No. 125 Outstanding Check No. 129 Yes Cash balance according to Murdstone, Inc. Yes Check returned because of insufficient funds Yes Note and interest collected by bank Yes Bank service charge No $35.00 Yes Murdstone error in recording Check No. 123 as $12,435.00 rather than the correct amount of $21,435.00 After asking the intern to search for other errors by comparing her reconciliation to prior bank reconciliations prepared by the former accountant, you work together to compute the corrected Adjusted Balance. Enter your answer with two decimal places. Corrected Adjusted Balance amount: $ Points: 0/1