The following information pertains to Sandhill Company, 1. 2 3. 4. Cash balance per bank, July 31, $8,338. July bank service charge not recorded by the depositor $60. Cash balance per books, July 31. $8,374. Deposits in transit, July 31, $3,710. $3,026 collected for Sandhill Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sandhill Company. Outstanding checks, July 31, $708. 5. 6. Journalize the adjusting entries at July 31 on the books of Sandhill Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 Cash 12,048 Accounts Receivable 12,048 (To record electronic funds transfer received by bank) July 31 Bank Charges Expense 3.710 Cash 3,710 (To record bank service charge)