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. In addition, $2,376 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 7388 Add 9 : Bank service charge 47 7435 Less Collection on electronic funds transfer 2376 Less #: Collection on electronic funds transfer # Adjusted cash balance per bank ] D C Adjusted cash balance per bank 5059 Cash balance per books 7424 Add 4: Add : Outstanding checks Outstanding checks 695 8119 Less 4 : Deposits in transit 3060 Adjusted cash balance per books | 5059 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 Debit Credit August 31 Accounts Receivable (To record electronic funds transfer received by bank) August 31 (To record bank service charge)