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Problem 3 Bank Reconciliation 18 points Clark Corp, prepares monthly bank reconciliations of its checking account balance. The bank statement and accounting records (books) for
Problem 3 Bank Reconciliation 18 points Clark Corp, prepares monthly bank reconciliations of its checking account balance. The bank statement and accounting records (books) for May 2020 provided the following: The bank statement for May, 2020, indicated the following: Amounts Balance, May 31, 2020 Service charge for May Interest camed during May NSF check from Nark Corp. (deposited by Clark) Note (54,000) and interest (5180) collected for Clark from a customer of Clark's 565,000 60 100 2,000 4,180 Amounts An analysis of canceled chocks and deposits and the records of Clark revealed the following items Checking account balance per Clarks books Outstanding checks as of May 31 Deposit in transit at May 31 SSW0 6,610 2,70
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