14.

Using the following information, prepare a bank reconciliation. - Bank balance: $6,988 - Book balance: $6,472 - Deposits in transit: $1,615 - Outstanding checks: $599 and $1,623 - Bank charges: $50 - Bank incorrectly charged the account $50. The bank will correct the error next month. - Check number 2456 correctly cleared the bank in the amount of $245 but posted in the accounting records as $254. This check was expensed to Utilities Expense