3. (8 points) Bank Reconciliation Foreman Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for May, 2005, indicated the following: Bank balance, May 31, 2005 Service charge for Ma Interest earmed during May 16,117 37 30 100 Note (S3,000) and interest (S296) collected for Foreman froma customer of Foreman's Book balance per Foreman's books (unadjusted) Outstanding checks as of May 31 Deposit in transit at May 31 Error in recording check # 4456 issued by Foreman (book error). Foreman needs to subtract this amount from their books $11.555 4,315 852 90 The correct amount of check #4456 is $760. mistake. The check was issued to pay for merchandise purchases. The check appeared on the bank statement correctly. It was recorded as a cash disbursement of $670 by A. Prepare a bank reconciliation schedule at May 31, 2005, in proper form