The following information pertains to Sunland Company.

$1.$ Cash balance per books, August $31,$ $$7,424.$

$2.$ Cash balance per bank, August $31,$ $$7,388.$

$3.$ Outstanding checks, August $31,$ $$695.$

$4.$ August bank service charge not recorded by the depositor $$47.$

$5.$ Deposits in transit, August $31,$ $$3,060.$Journalize the adjusting entries at August $31$ on the books of Sunland Company. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

August $31$

enter an account title to record electronic funds transfer received by bank on August $31$Correct answer

enter a debit amount

enter a credit amount Incorrect answer

enter an account title to record electronic funds transfer received by bank on August $31$Incorrect answer

enter a debit amount Incorrect answer

enter a credit amount Incorrect answer

$($To record electronic funds transfer$)$

August $31$

enter an account title to record bank service charge on August $31$Correct answer

enter a debit amount Incorrect answer

enter a credit amount Incorrect answer

enter an account title to record bank service charge on August $31$Correct answer

enter a debit amount Incorrect answer

enter a credit amount Incorrect answer

$($To record bank service charge$)$

In addition, $$2,376$ was collected for Sunland Company in August by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company.