Murdstone, Inc. Bank Reconciliation January 31, 2015 Cash balance according to bank statement Adjustments: Add: Deposit in transit on January 31 $23,557.98 12,125.25 Deduct: Outstanding Check No. 124 $(62.00) Outstanding Check No. 125 (57.00) Outstanding Check No. 129 (1,250.00) Total deductions (1,369.00) Adjusted balance $34,314.23 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 Error in recording Check No. 123 Total deductions $51,545.88 15,250.75 (250.00) (9,000.00) (32,725.40) $34,071.23 Adjusted balance You assist the intern to check source documents, and find that most of the dollar amounts are correct; however, two Correct in Intern's Reconciliation? If "No," Corrected Amount Item Cash balance according to bank statement Yes Deposit in transit on January 31 Yes Outstanding Check No. 124 Yes Outstanding Chock No. 105 Mo +75.00 Check My Work 0 more Check My Work uses remaining.