SHERIDAN COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7,388 Add Deposits in transit 3,560 10,948 Less Outstanding checks 705 i Les v: Outstanding checks adjusted cast balance per bank Adjusted cash balance per bank C 10,243 Cash balance per books 7,424 Add Collection on electronic funds transfer 2,876 10,300 Less Less : Bank service charge 57 i Adjusted cash balance per books 10,243 Journalize the adjusting entries at August 31 on the books of Sheridan Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit August 31 (To record electronic funds transfer received by bank) August 31 (To record bank service charge)