The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $$17,860.$ During the month of July, Sunland recorded cash receipts of $$20,370$ and cash payments of $$22,870$ in the general ledger Cash account. At July $31,$ Sunland Limited had an reconciled cash balance of $$15,360.$ An examination of the company's July bank statement shows a balance of $$18,037$ on July $31$ ; outstanding cheques $$3,390$; deposits in transit $$1,370$; EFT collections on account that were not yet recorded on the books $$2,020$; NSF cheque $$1,230$; NSF fee $$47$; and bank service charges $$86.$

Prepare the necessary journal entries required on July $31$ for Sunland. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amounks entered. Do not indent manually. 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

July $31$

$($To record EFT collections on account$)$

$31$