Exercise 7-12 (Part Level Submission) On August 31, 2014, Claresview Company had a cash balance per its books of $26,960. The bank statement on that date showed a balance of s17,540. A comparison of the bank statement with the Cash account revealed the following: The August 31 deposit of $17,590 was not included on the August bank statement 2. The bank statement shows that Claresview received EFT deposits from customers on account totalling $2,370 in August. Claresview has not recorded any of these amounts 3. Cheque #673 ror si 370 as outstanding on July 31 It did not clear the bank account in August. All of the cheques written in August have cleared the bank by August 31 except for cheque 4710 or $2 58 4. The bank statement showed on August 29 an NSF charge of $358 for a cheque issued by R. Dubai, a customer, in payment of their account. This amount included a $8 service charge by Claresview's bank. 5. Bank service charges of $25 were included on the August statement. 6. The bank recorded Cheque #705 for $125 as $152. The cheque had been issued to pay for freight out on a sale. Claresview had correctly recorded the cheque. and 4712 60. (a) Prepare a bank reconciliation at August 31. (LIst items that Increase balance as per bank & books first.) CLARESVIEW COMPANY B nk Reconciliation ust 31, 2014