The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $7,688 2. July bank service charge not recorded by the depositor $47. 3. Cash balance per books, July 31, $7,724 4. Deposits in transit, July 31, $3,060 5. $2,376 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company. Outstanding checks, July 31, $695. 6. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation Journalize the adjusting entries at July 31 on the books of Sunland 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)