prepare bank reconciliation at August 31, 2022.

Exercise 7-08 The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)