Exercise 7-11 (Part Level Submission) The following information pertains to Cullumber Company 1. Cash balance per bank, July 31, $7,463 2. July bank service charge not recorded by the depositor $33 3. Cash balance per books, July 31, $7,484. 4. Deposits in transit, July 31, $1,600. 5. The bank collected $1,016 in July for Cullumber through electronic funds transfer. The collection has not been recorded by Cullumber. 6. Outstanding checks, July 31, $596 (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.) Cullumber Company Bank Reconciliation