His new armor and shield carry an armor check penalty of 2 - Skill adjusted/fixed.
Looted equipment must be "paid for" just like any other equipment - in this case the short sword and extra bolts will count against party treasure earned. This is so that our accounting and wealth by level numbers stay (pretty close to) the same across the board. I didn't make changes to the sheet as we're mid-adventure and accounting is a nightmare right now, but I'll review characters when we've finished and get everything sorted.
Weight was off (potions weigh nothing, but rations weigh 1 lb/day). Fixed.
Unless I'm mistaken, you've got some spells coming for your Bard level. I can't fix that .
Number 4 means NOT YET, but pick yourself four cantrips and two first level spells, and he'll be good to go!