The following information pertains to Cullumber Company.

1.		Cash balance per books, August 31, $7,374.
2.		Cash balance per bank, August 31, $7,338.
3.		Outstanding checks, August 31, $712.
4.		August bank service charge not recorded by the depositor $64.
5.		Deposits in transit, August 31, $3,910.

In addition, $3,226 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 Choose the accounting period For the Month Ended August 31, 2022For the Year Ended August 31, 2022August 31, 2022
Select an opening section 1 name Adjusted cash balance per bankCollection on electronic funds transferBank service chargeDeposits in transitCash balance per bank statementOutstanding checks			$Enter a dollar amount
Select between addition and deduction LessAdd :	Select a reconciling item Bank service chargeOutstanding checksAdjusted cash balance per bankDeposits in transitCollection on electronic funds transferCash balance per bank statement		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction AddLess :	Select a reconciling item Outstanding checksCollection on electronic funds transferBank service chargeCash balance per bank statementAdjusted cash balance per bankDeposits in transit		Enter a dollar amount
Select a closing section 1 name Deposits in transitAdjusted cash balance per bankCash balance per bank statementOutstanding checksBank service chargeCollection on electronic funds transfer			$Enter a total amount for section one
Select an opening section 2 name Collection on electronic funds transferBank service chargeCash balance per booksAdjusted cash balance per booksDeposits in transitOutstanding checks			$Enter a dollar amount
Select between addition and deduction LessAdd :	Select a reconciling item Outstanding checksCollection on electronic funds transferAdjusted cash balance per booksDeposits in transitBank service chargeCash balance per books		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction LessAdd :	Select a reconciling item Collection on electronic funds transferCash balance per booksAdjusted cash balance per booksDeposits in transitOutstanding checksBank service charge		Enter a dollar amount
Select a closing section 2 name Collection on electronic funds transferOutstanding checksAdjusted cash balance per booksBank service chargeDeposits in transitCash balance per books			$Enter a total amount for section two

SHOW LIST OF ACCOUNTS

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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
July 31	Enter an account title to record electronic funds transfer received by bank on july 31	Enter a debit amount	Enter a credit amount
	Enter an account title to record electronic funds transfer received by bank on july 31	Enter a debit amount	Enter a credit amount
	(To record electronic funds transfer received by bank)
July 31	Enter an account title to record bank service charge on july 31	Enter a debit amount	Enter a credit amount
	Enter an account title to record bank service charge on july 31	Enter a debit amount	Enter a credit amount
	(To record bank service charge)

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