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The following information pertains to Sunland Corporation. 1. 2. 3. 4. 5. 6. 7. W Balance per bank, July 31, $6,891. July bank service charge
The following information pertains to Sunland Corporation. 1. 2. 3. 4. 5. 6. 7. W Balance per bank, July 31, $6,891. July bank service charge not yet recorded by Sunland, $25. Balance per books, July 31, $7,203. Deposits in transit, July 31, $2,275. Electronic collection on account (EFT) from a customer, $1,665 not yet recorded by Sunland. Outstanding cheques, July 31, $723. Returned cheque from the deposit of a collection on account, $360, due to nonsufficient funds. Related bank service charge, $40. The charges will be added to the customer's account. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.)
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