Exercise 7-8 The following information pertains to Wildhorse Company. 1. Cash balance per bank, July 31, $8,388. 2. July bank service charge not recorded by the depositor $61. 3. Cash balance per books, July 31, $8,424 4. Deposits in transit, July 31, $3,760 5. $3,076 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, $709