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Problem #2 (30pts): The following info is for Strand Corp for the month end October 2020: 1. Bank balance per bank statement is $4,000.00 2.

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Problem #2 (30pts): The following info is for Strand Corp for the month end October 2020: 1. Bank balance per bank statement is $4,000.00 2. The bank statement includes a service charge of $30.00 3. There was an EFT deposit, collected by the bank, of $900.00, for the benefit of Strand Corp 4. Checks #541 for $205.00 and #543 for $320.00 were not among the checks cleared thru Strand's bank account, therefore they are outstanding 5. The October 31st deposit of $4,435.00 did not appear on this month's bank statement 6. The bank statement included a NSF from a customer, for $460.00 7. Strand Corp's cash balance per their books was $7,500.00 REQUIRED 1. Prepare a Bank Reconciliation (be sure to label everything on the reconciliation) 2. Using the Accounting Equation, adjust the Cash Balance to the proper balance at month end

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