Bank Reconciliation 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, 2015 $23,557.98 12,125.25 Cash balance according to bank statement Adjustments: Add: Deposit in transit on January 31 Deduct: Outstanding Check No. 124 Outstanding Check No. 125 Outstanding Check No. 129 $(62.00) (54.00) (1,250.00) Total deductions (1,366.00) Adjusted balance $34,317.23 Cash balance according to Murdstone, Inc. $51,575.88 Adjustments: Add: Note and interest collected by bank 15,250.75 Deduct: Check returned because of insufficient funds $(23,475.40) Bank service charge (250.00) Error in recording Check No. 123 (9,000.00) Total deductions (32,725.40) Adjusted balance $34,101.23 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. Correct in Intern's Reconciliation? ? If "No," Corrected Amount Item Cash balance according to bank statement Yes Deposit in transit on January 31 Yes Yes No $45.00 Yes Yes Outstanding Check No. 124 Outstanding Check No. 125 Outstanding Check No. 129 Cash balance according to Murdstone, Inc. Check returned because of insufficient funds Note and interest collected by bank Bank service charge Murdstone error in recording Check No. 123 as $12,435.00 rather than the correct amount of $21,435.00 Yes Yes No $25.00 Yes After asking the intern 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. Round your answer to two decimal places. . Corrected adjusted balance amount: X Feedback