Bank Reconciliation On July 31, Sullivan Company's Cash in Bank account had a balance of \$9,381.58. On that date, the bank statement indicated a balance of $11,828.12. A comparison of returned checks and bank advices revealed the following: 1. Deposits in transit July 31 amounted to $4,650.03. 2. Outstanding checks July 31 totaled $1,908.27. 3. The bank erroneously charged a $422.50 check of Solomon Company against the Sullivan bank account. 4. A bank service charge has not yet been recorded by Sullivan Company of $32.50. 5. Sullivan neglected to record $5,200.00 borrowed from the bank on a ten percent six-month note. The bank statement shows the $5,200.00 as a deposit. 7. Sullivan Company recorded a $141.70 payment for repairs as $1,417.00