Exercise 7-8 (Part Level Submission) The following information pertains to Sandhill Company. 1. Cash balance per bank, July 31, $8,338 2. July bank service charge not recorded by the depositor $60. 3. Cash balance per books, July 31, $8,374. 4. Deposits in transit, July 31, $3,710. 5. $3,026 collected for Sandhill Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sandhill Company. 6. Outstanding checks, July 31, $708. v (a) Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) SANDHILL COMPANY Bank Reconciliation