please. use a new word thank you.

Q1- A. What is a bank reconciliation and why is it important for companies to do it periodically? B. Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of $9,000. Cash account of $7,500. Additional information for the reconciliation Deposit in transit NSF Check Outstanding check Collections made by the bank Required: provide an amount of each information to bring the adjusted balances to be equal (2 Marks)