The following information pertains to Sheridan Company.
1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $694.
4. August bank service charge not recorded by the depositor $46.
5. Deposits in transit, August 31, $3,010.
In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company.
Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)
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