b) Journalize the adjusting entries at August 31 on the books of Sheridan Company

The following information pertains to Sheridan Company 1 2 3 Cash balance per books, August 31, $ 7.424. Cash balance per bank, August 31, $ 7,388 Outstanding checks, August 31, $ 705 August bank service charge not recorded by the depositor $57. Deposits in transit August 31, S3560 4, . In addition, $ 2,876 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company. Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 I (To record bank service charge)