The following Information pertains to Sheridan Company. Cash balance per bank, July 31, $7, 638. July bank service charge not recorded by the depositor $46. Cash balance per books, July 31, $7, 674. Deposits in transit, July 31, $3, 010. $2, 326 collected for Sheridan Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sheridan Company. Outstanding checks, July 31, $694. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) Journalize the adjusting entries at July 31 on the books of Sheridan Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)