Exercise 7-8 The following information pertains to Wildhorse Company. 1. Cash balance per bank, July 31, $7,838. 2. July bank service charge not recorded by the depositor $50. 3. Cash balance per books, July 31, $7,874. Deposits in transit, July 31, $3,210. 5. $2,526 collected for Wildhorse Company in July by the bank through electronic funds transfer. The collection has not been recorded by Wildhorse Company, 6. Outstanding checks, July 31, $698. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) WILDHORSE COMPANY Bank Reconciliation $