Problem 7-3A (Part Level Submission) on July 31 2017, Sunland Company had a cash balance per books of $6,330 00 The statement rom Dakota State Bank ont at date showed a comparison of the bank statement with the Cash account revealed the following facts. iance of 880.80. A . The bank service charge for July was $22.00. 2. The bank collected $1,710.00 for Sunland Company through electronic funds transfer. 3. The July 31 receipts of $1,386.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31 . Company check No. 2480 issued to L. Taylor, a creditor, for $354.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $345.00 5. Checks outstanding on July 31 totaled $2,023.10. 6. On July 31, the bank statement showed an NSF charge of $765.00 for a check received by the company from W. Krueger, a customer, on account. SUNLAND COMPANY Bank Reconciliatiorn July 31, 2017 Cash balance per bank statement 7880.80 Add # IT Deposits in transit 1386.30 9267.10 | Less # I. Outstanding checks 2023.10 7244 Adjusted cash balance per bank 6330 Cash balance per books Add $ IT Electronic funds transfer received 1710 8040 Less Bank service charge Error in recording check No. 2480 NSF check 765 796 7244 Adjusted cash balance per books Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date. Account Titles and Explanation July 31. Debit Credit (To record electronic funds transfer received by bank) 31. (To record NSF check) 31. (To correct error in recording check) 31. (To record bank service charge)