Corrected adjusted balance amount = $?

Murdstone, Inc. Bank Reconciliation January 31, 2015 $23,557.98 12,125.25 Cash balance accorching to bank statement Adjustments: Add: Deposit in transit on January 31 Deduct: Outstanding Check No. 124 Outstanding Check No. 125 Outstanding Check No. 129 Total deductions Adjusted balance $(62.00) (54.00) (1,250.00) (1,366.00) $34,317.23 $51,575.88 15,250.75 Cash balance according to Murdstone, Inc. Adjustments: Add: Note and interest collected by bank 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 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 If "No," Intern's Corrected Item Reconciliation? Amount Cash balance according to bank statement Yes Deposit in transit on January 31 Yes Outstanding Check No. 124 Outstanding Check No. 125 $45.00 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 $25.00 Murdstone error in recording Check No. 123 as Yes $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. Round your answer to two decimal places