/26 Current Attempt in Progress On August 31, 2021, Cullumber Company had a cash balance per its books of $26,960. The bank statement on that date showed a balance of $17,540. A comparison of the bank statement with the Cash account revealed the following. 1. The August 31 deposit of $17,590 was not included on the August bank statement. 2 The bank statement shows that Cullumber received EFT deposits from customers on account totalling $2,370 in August. Cullumber has not recorded any of these amounts. 3. 4. S Cheque #673 for $1.370 was outstanding on July 31. It did not clear the bank account in August. All of the cheques written in August have cleared the bank by August 31, except for cheque #710 for $2.580, and #712 for $2.260. The bank statement showed on August 29 an NSF charge of $358 for a cheque issued by R. Dubai, a customer, in payment of their account. This amount included an $8 service charge by Cullumber's bank. The company's policy is to pass on all NSF service charges to the customer. 5. Bank service charges of $25 were included on the August statement. 6. The bank recorded cheque #705 for $125 as $152. The cheque had been issued to pay for freight out on a sale Cullumber vate Windows had correctly recorded the cheque. de Waldo Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation August 31, 2021 Cash balance per bank statement Add were to search Deposits in tramit Error Cheque #705 G if 0 17590 27 17540 17617 Activate Windows 25137 304754 9C Cloudy A Question 2 of 17 < > Outstanding cheque #673 1370 Outstanding cheque #710 2580 Outstanding cheque #712 2260 search Adjusted cash balance per bank Cash balance per books Add t EFT deposits of Accounts Receivable -/26 6210 20947 26960 2370 !!! Activate Windows 29330 9C Cloudy 37:06 301 PM 10/02 Less Se here to search Bank service charge NSF cheque Cash balance per books 33 350 -/26 E 29000 303 20947 Prepare the necessary adjusting entries on August 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Activate Windows O 9C Cloudy d 3:05PM Question 2 of 17 < > Account Titles and Explanation Date Aug. 31 Cash Accounts Receivable (To record electronic receipt from customer on account) Aug. 31 Bank Charges Expense Type here to search Accounts Receivable v Cash (To record NSF cheque & bank service charge expense) -/26 I Debit Credit 2370 33 350 2170 Activate Windows 36:48 305PM 9C Cloudy