Delmont Corp An Analysis of Canceled Checks and Deposits and the Records

Delmont Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for May,2017,indicated the following:
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$$\begin{array} { l r } \text { Balance, May } 31,2017 & \$ 29,700 \\\text { Service charge for May } & 80 \\\text { Interest earned during May } & 120 \\\text { NSF check from Viacon Corp. (deposited by Delmont) } & 230 \\\text { Note } ( \$ 4,000 ) \text { and interest } ( \$ 100 ) \text { collected for Delmont from a } & \\\text { customer } & 4,100\end{array}$$ An analysis of canceled checks and deposits and the records of Delmont Corp.revealed the following items:
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$$\begin{array} { l r } \text { Checking account bal ance per Delmont's books } & \$ 26,040 \\\text { Outstanding checks as of May } 31 & 2,950 \\\text { Deposit in transit at May } 31 & 3,110 \\\text { Error in recording check \# } 4456 \text { issued by Delmont } & 90\end{array}$$ The correct amount of check #4456 is $760,but 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.
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Required
A)Prepare a bank reconciliation schedule at May 31,2017 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.