The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company. Your answer is correct. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) SHERIDAN COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7338 SHERIDAN COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement Add Deposits in transit Less 7338 3010 10348 Outstanding checks 694 Adjusted cash balance per bank 9654 Cash balance per books 7374 Add Collection on electronic funds transfer 2326 Less Bank service charge Adjusted cash balance per books 46 9700 9654 Your answer is partially correct. Journalize the adjusting entries at August 31 on the books of Sheridan Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation August Cash 31 August 31 Accounts Receivable (To record electronic funds transfer received by bank) Bank Charges Expense Cash (To record bank service charge) Debit Credit NO NO