Delmont Corp $\text { An analysis of canceled checks and deposits and the records of Delmont Corp. revealed the following items: }$

Delmont Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for May, 2016, indicated the following: $\begin{array}{lr}\text { Balance, May 31, } 2016 & \$ 29,700 \\\text { Service charge for May } & 80 \\\text { Interest earned during May } & 120 \\\text { NSF check from Viacon Corp. (deposited by Delmont) } & 230 \\\text { Note ( } \$ 4,000) \text { and interest ( } \$ 100) \text { collected for Delmont from a } & 4,100 \\\text { customer of Delmont's } &\end{array}$

$\text { An analysis of canceled checks and deposits and the records of Delmont Corp. revealed the following items: }$

$\begin{array}{lr}\text { Checking account balance per Delmont's books } & \$ 26,040 \\\text { Outstanding checks as of May 31 } & 2,950 \\\text { Deposit in transit at May 31 } & 3,110 \\\text { Error in recording check \# 4456 issued by Delmont } & 90\\\end{array}$ ​
The correct amount of check #4456 is $760.It was recorded as a cash disbursement of $670 by mistake.The check was issued to pay for merchandise purchases.The check appeared on the bank statement correctly.
A) Prepare a bank reconciliation schedule at May 31, 2016 in proper form.
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B) Explain how checking accounts, bank statements, and bank reconciliations are used by Delmont to control its cash.