The following information pertains to Oriole Company. 1. 2. 3. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $703. August bank service charge not recorded by the depositor $55. Deposits in transit, August 31, $3.460. 4. 5. In addition, $2,776 collected for Oriole Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Oriole Company. Your answer is correct. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books firs ORIOLE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement $ 7388 Add : Deposits in transit 3460 10848 Less Outstanding checks 703 i Adjusted cash balance per bank $ 10145 $ 7424 Cash balance per books Collection on electronic funds transfer Add 2776 10200 Less V: Bank service charge 55 1 Adjusted cash balance per books GA 10145 Journalize the adjusting entries at August 31 on the books of Oriole Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge)