The following information pertains to Cullumber Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $701. 4. August bank service charge not recorded by the depositor $53. 5. Deposits in transit, August 31, $3,360. In addition, $2,676 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7388 Add : Deposits in transit 3360 10748 Less Outstanding checks 701 i Adjusted cash balance per bank 10047 Cash balance per books 7424 Add : Collection on electronic funds transfer 2676 10100 Less : Bank service charge 53 i Adjusted cash balance per books Adjusted cash balance per books sc 10047 Journalize the adjusting entries at August 31 on the books of Cullumber 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)