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In reconciling the checking account, PureLife Company noted the following items for the month of October: Ending bank balance $5,250 Deposits in transit $1,250 Outstanding checks $2,150 Ending book balance $4,500 NSF check $ 125 Bank service charges $ 25 What is the correct cash balance at the end of October? Answer $4,350 $4,425 $4,500 $4.725 vered Question 3 0/0 pts Auto Parts Inc. began the current month with inventory costing $40,000, then purchased inventory at a cost of $175,000. The perpetual inventory system indicates that inventory costing $120,000 was sold during the month for $160,000. If an inventory count shows that inventory costing $92,000 is actually on hand at month- end, what amount of shrinkage occurred during the month? $1,000 Answer O $3.000 $4,000 $55,000