Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,888 Book balance: $8,803 Deposits in transit: $1,874 Outstanding checks: $589 and $1,423 Bank service charges: $25 Bank incorrectly charged the account $25. 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. If an amount box does not require an entry, leave it blank