The following information is for Sandhill Video Company: 1. Cash balance per bank, July 31, $7,130. 2. July bank service charge not recorded by the depositor, $38. Cash balance per books, July 31, $7,150. 3. 4. Deposits in transit, July 31, $1,130. Bank collected $620 note for Sandhill in July, plus interest $40, less fee $32. The collection 5. 6. Outstanding cheques, July 31, $520. Prepare a bank reconciliation at July 31. (List items that increase balance as per bank & books first.) SANDHILL VIDEO COMPANY Bank Reconciliation July 31 Cash balance per bank statement $ 7,130 Add Deposits in transit 1,130 8,260 Less Outstanding cheques -520 Adjusted cash balance per bank $ 7,740 Cash balance per books