Problem \#1 Jack Sparrow operates Sparrow's Yachts. He has received the monthly bank statement for October 31 from The Nassau National Bank. The statement shows: - An ending balance of $2,050 - An EFT rent collection of $400 - A Service charge of $12 - A check was returned for NSF in the amount of $74 - A bank charge for printing checks in the amount of $9 On the books for the company Jack has the following: - The are several checks that he wrote but had not cleared the bank in the amount of $467 - A last minute deposit of $1,788 - Because of too much noon time drinking, Jack recorded a check in his cash account as $29 but actually wrote the check in the amount of $290, which the amount the bank paid. The check was written for his insurance payment. - The Oct 31 cash balance on the books was $3,327