Exercise 7-8 (Part Level Submission) The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $8,238 2. July bank service charge not recorded by the depositor $58 3. Cash balance per books, July 31, $8,274 4, Deposits in transit, July 31, $3.610. 5. $2,926 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company 6. Outstanding checks, July 31, $706. Your answer is partially correct. Try again. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance SUNLAND COMPANY Bank Reconciliation July 31, 2017 Cash balance per bank statement + AddDeposits in transit Less Outstanding checks Adjusted cash balance per bank Cash balance per books Add IT Electronic funds transfer received Less: Bank service charge Adjusted cash balance per books Click if you would like to Show Work for this question: Open Show Work