The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $706. 4. August bank service charge not recorded by the depositor $58. 5. Deposits in transit, August 31, $3,610. In addition, $2,926 collected for Sunland Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sunland Company. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement Add Deposits in transit 7338 3610 10948 Less : Outstanding checks -706 i Adjusted cash balance per bank 10242 Cash balance per books 7374 Add : Collection on electronic funds transfer 2926 Less : Bank service charge Adjusted cash balance per books 10300 -58 i 10242 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.) Date Account Titles and Explanation July 31 Debit Credit July 31 (To record electronic funds transfer received by bank) (To record bank service charge)