AD a Daniel Scott is an audit manager with the accounting firm of Nelson & Riley, CPAs. As part of the routine audit procedures for one of the firm's clients, Daniel instructed Wanda Mullins, a newly hired staff auditor, to obtain a bank statement directly from the client's bank and prepare an independent reconciliation of the Cash account. Wanda did a great job and presented Daniel with the following reconciliation. Daniel has now forwarded this document directly to you, with a request that you prepare proposed adjusting entries that need to be recorded by the client. $67,700.98 13,444.12 Ending balance per bank statement Add: Deposits in transit Deduct: Outstanding checks #12221 $16,887 34 #12327 8,550.50 #12329 132.74 (25,570.58) Correct cash balance $55,574.52