1. Reconcile Mark€™s account for him, and explain the difference between his balance of $169.44 and the bank€™s balance of $136.20.
2. How careful was Mark in keeping a record of his checking activities? Discuss.

During his junior year in college, Mark Sutherland opened a checking account at the First National Bank of Westerly, Nebraska. His account does not have a minimum balance requirement, but he does pay a monthly service charge of $3. Mark has just received his first monthly bank statement and notices that the end-of-month balance on the statement is quite different from the end-of-month balance he shows in his check record. He has asked your help in explaining this difference and has provided you with the following bank statement and check record:

ACCOUNT Mark J Sutherland ACCOUNT 43967 Bank Statement of Activity This Month Beginning Balance PERIOD: January 3, 2008 through January 31,2008 Deposits and Other Credits to Your Account Checks and Other ChargesEnding Balance to Your Account 00.00 Deposit 100 101 103 104 105 106 107 108 109 300.00 300.00 16.50 20.00 42.96 16.87 5.00 11.43 25.00 4.04 9.00 3.00 163.80 136.20 03 05 07 12 14 17 17 19 24 28 31 Service Charge Mark's Check Record Payee For Amount Balance 300.00 300.00 16.50 283.50 20.00 263.50 Date No. 1/3 1/3 100 Harmon Foods /4 10 Cash 1/5 102 VOID 1/7 103 Mel's Sporting Goods Gym shoes 1/10 104 Valley Cleaners 1/13 105 Sharon Mackey 1/4 106 University Bookstore Supplies /4 0 Cash 1/19 108 Harmon Foods 1/24 109 Mom 1/25 110 Poindexter's Cafe 1/26 1/28 11 xxxon Deposit Food 42.96 220.54 201.87 196.87 190.44 175.44 161.40 152.40 132.40 182.40 169.44 Dry cleaning Birthday present 18.67 5.00 11.43 25.00 4.04 9.00 20.00 50.00 12.96 Food Repay loarn Sharon's birthday party Deposit Monthly statement