Tab Caps Lock Nora Ambrosi Shift Ctrl Date: Class: Name Chapter 6 problems 1. Sarcon Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for 2017, indicated the following $7,920 20 30 32 1,040 Balance, October 31, 2017 Service charge for October Interest earned during October NSF check from Grey Corp. (deposited by Sarcon) Note (S1,000) and interest (S40) collected for Sarcon from a customer An analysis of canceled checks and deposits and the records of Sarcon revealed the following items: Checking account balance per Sarcon books Outstanding checks as of October 31 Deposit in transit at October 3 1 Error in recording check #313 issued by Sarcon. $7,170 952 1,310 90 The correct amount ofcheck #313 is $450, but it was recorded as a cash disbursement of $540. The check pay for merchandise purposes. The check appeared on the bank statement correctly equired repare a bank reconciliation at October 31,2017 in proper form