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Using the following Information, prepare a bank reconciliation Bank balance: $6,888 Book balance: $6,754 Deposits in transit: 51,737 Outstanding checks: $589 and $1,423 Bank charges:

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Using the following Information, prepare a bank reconciliation Bank balance: $6,888 Book balance: $6,754 Deposits in transit: 51,737 Outstanding checks: $589 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. 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, Bank Reconciliation Bank Statement Balance at (date) Add: Less: Adjusted Bank Balance Book Balance at (date) Add: Less Adjusted Book Balance

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