On December 31, 2020, S COMPANY had a cash balance per books of $16,000 the bank statement on that date showed a balance of $15,000. A comparison of the statement with cash account revealed the following facts The bank statement showed an NSF charge of 2,800 for a check issued by Joe, a customer, S COMPANY on account. The bank collected $5,800, 5-month, 12% note for the company on DEC. 31. The bank charged $ 90 collection fee. No interest has been accrued. On December 22 the company issued a check No. 262 for $ 20,200 to W.S.M co. on account. The check was incorrectly journalized and posted by S COMPANY for 22,000 Deposit in Transit at DEC. 31 total $ 4,000 Instruction 1- prepare the bank reconciliation at DEC. 31 2- prepare the necessary adjusting entries for S COMPANY at DEC.31