Question: . 2. Using the following information, prepare a bank reconciliation. Bank balance: $7,063 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423

. 2. Using the following information, prepare a bank reconciliation. Bank

. 2. Using the following information, prepare a bank reconciliation. Bank balance: $7,063 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423 Bank charges: $75 Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense

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to gain top management involvement by ensuring that managers know the global resources of the organization;

to test high potential managers by throwing them in at the deep end;

to enable the development of managers in depth as well as in breadth;