Problem #$2(22$pts$)$:

The following info is for Strand Corp for the month end October $2022$:

Bank balance per bank statement is $$4,000\mathrm{.}00$

The bank statement includes a service charge of $$50\mathrm{.}00$

Note receivable, collected by the bank, for $$900\mathrm{.}00,$ plus $$20$ of interest revenue for the benefit of Strand Corp

Checks #$541$ for $$205\mathrm{.}00$ and #$543$ for $$320\mathrm{.}00$ were not among the checks cleared thru Strand's bank account, therefore they are outstanding

The October ${31}^{st}$ deposit of $$4,435\mathrm{.}00$ did not appear on this month's bank statement

The bank statement included a NSF from a customer, for $$460\mathrm{.}00$

Strand Corp's cash balance per their books was $$7,500\mathrm{.}00$

REQUIRED:

Prepare a Bank Reconciliation $($be sure to label everything on the reconciliation$)$

Adjust the Cash balance using the Accounting Equation