Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of $7,216.60. On that date, the bank statement indicated a balance of $9,098.55. A comparison of returned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,576,95. 2. Outstanding checks July 31 totaled $1,467.90. 3. The bank erroneously charged a $325.00 check of Solomon company against the sullivan bank account. 4. A bank service charge has not yet been recorded by sullivan company of $25.00. 5. Sullivan neglected to record $4,000.00 borrowed from the bank on a ten percent six-month note. The bank statement shows the $ 6. Included with the returned checks is a memo indicating that . Martin's check for $640.00 had been returned NSF. Martin, a custom discount. 7. Sullivan Company recorded a $109.00 payment for repairs as $1,090.00 Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of $7,216.60. On that date, the bank statement indicated a balance of $9,098.55. A comparison of returned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $3,576,95. 2. Outstanding checks July 31 totaled $1,467.90. 3. The bank erroneously charged a $325.00 check of Solomon company against the sullivan bank account. 4. A bank service charge has not yet been recorded by sullivan company of $25.00. 5. Sullivan neglected to record $4,000.00 borrowed from the bank on a ten percent six-month note. The bank statement shows the $ 6. Included with the returned checks is a memo indicating that . Martin's check for $640.00 had been returned NSF. Martin, a custom discount. 7. Sullivan Company recorded a $109.00 payment for repairs as $1,090.00