| Exercise 7-11 (Part Level Submission) The following information pertains to Sandhill Company. 1. | | Cash balance per bank, July 31, $10,614. | 2. | | July bank service charge not recorded by the depositor $61. | 3. | | Cash balance per books, July 31, $10,736. | 4. | | Deposits in transit, July 31, $4,331. | 5. | | $2,440 collected for Sandhill Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Sandhill Company. | 6. | | Outstanding checks, July 31, $1,830. | | | | | | (a) Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) SANDHILL COMPANY Bank Reconciliation Choose the accounting period For the Year Ended July 31, 2022July 31, 2022For the Month Ended July 31, 2022 | Select an opening section 1 name Outstanding checksElectronic funds transfer receivedBank service chargeCash balance per bank statementAdjusted cash balance per bankDeposits in transit | | $Enter a dollar amount | Select between addition and deduction AddLess : | Select a reconciling item Electronic funds transfer receivedCash balance per bank statementAdjusted cash balance per bankDeposits in transitOutstanding checksBank service charge | | Enter a dollar amount | | | | Enter a subtotal of the two previous amounts | Select between addition and deduction LessAdd : | Select a reconciling item Outstanding checksBank service chargeDeposits in transitElectronic funds transfer receivedCash balance per bank statementAdjusted cash balance per bank | | Enter a dollar amount | Select a closing section 1 name Deposits in transitOutstanding checksBank service chargeAdjusted cash balance per bankElectronic funds transfer receivedCash balance per bank statement | | $Enter a total amount for section one | | | | | Select an opening section 2 name Bank service chargeCash balance per booksAdjusted cash balance per booksDeposits in transitOutstanding checksElectronic funds transfer received | | $Enter a dollar amount | Select between addition and deduction AddLess : | Select a reconciling item Electronic funds transfer receivedAdjusted cash balance per booksDeposits in transitBank service chargeOutstanding checksCash balance per books | | Enter a dollar amount | | | | Enter a subtotal of the two previous amounts | Select between addition and deduction AddLess : | Select a reconciling item Deposits in transitAdjusted cash balance per booksOutstanding checksBank service chargeElectronic funds transfer receivedCash balance per books | | Enter a dollar amount | Select a closing section 2 name Electronic funds transfer receivedAdjusted cash balance per booksBank service chargeCash balance per booksDeposits in transitOutstanding checks | | $Enter a total amount for section two | | | | |