uestion 3 of 4 1.757 The following information pertains to Sandhill Company. 1. 2. 3 4 5. Cash balance per bank, July 31, $8,526. July bank service charge not recorded by the depositor $49. Cash balance per books, July 31,$8,624. Deposits in transit, July 31, $3,479. $1,960 collected for Sandhill Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Sandhill Company. Outstanding checks, July 31. $1,470. 6. (a) Your answer is correct Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first) SANDHILL COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement 4 9 5 6 & 7 00 9 O Question 3 of 4 SANDHILL COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement 8526 Add : Deposits in transit 3479 12005 Less Outstanding checks 1470 Adjusted cash balance per bank $ 10535 Cash balance per books $ 8624 Add : Electronic funds transfer received 1960 10584 Bank service charge 49 Adjusted cash balance per books $ 10535 e Textbook and Media List of Accounts estion 3 of 4 1.75/3.5 (b) Journalize the adjusting entries at July 31 on the books of Sandhill 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) e Textbook and Media List of Accounts Save for Later Attempts: unlimited Sunt AS 4 % 5 6 & 7 00 9 O backspace