On July 31, 2022, Sunland Company had a cash balance per books of $6,275.00. The statement from Dakota State Bank on that date showed a balance of $7,825.80. A comparison of the bank statement with the Cash account revealed the following facts.

1. The bank service charge for July was $17.00.
2. The bank collected $1,655.00 from a customer for Sunland Company through electronic funds transfer.
3. The July 31 receipts of $1,336.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $384.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348.00.
5. Checks outstanding on July 31 totaled $1,995.10.
6. On July 31, the bank statement showed an NSF charge of $710.00 for a check received by the company from W. Krueger, a customer, on account.
Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)

SUNLAND COMPANY
Bank Reconciliation
choose the accounting period For the Year Ended July 31, 2022July 31, 2022For the Month Ended July 31, 2022

select an opening name for section one Deposits in transitElectronic funds transfer receivedBank service chargeCash balance per bank statementOutstanding checksError in recording check No. 2480NSF checkAdjusted cash balance per bank
$enter a dollar amount

select between addition and deduction AddLess:

select a reconciling item Error in recording check No. 2480Cash balance per bank statementAdjusted cash balance per bankBank service chargeDeposits in transitOutstanding checksElectronic funds transfer receivedNSF check
enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction AddLess:

select a reconciling item NSF checkError in recording check No. 2480Deposits in transitCash balance per bank statementElectronic funds transfer receivedOutstanding checksBank service chargeAdjusted cash balance per bank
enter a dollar amount

select a closing name for section one Outstanding checksCash balance per bank statementBank service chargeNSF checkElectronic funds transfer receivedDeposits in transitAdjusted cash balance per bankError in recording check No. 2480
$enter a total amount for the first section

select an opening name for section two Deposits in transitBank service chargeError in recording check No. 2480NSF checkAdjusted cash balance per booksCash balance per booksElectronic funds transfer receivedOutstanding checks
$enter a dollar amount

select between addition and deduction AddLess:

select a reconciling item Cash balance per booksOutstanding checksError in recording check No. 2480Deposits in transitAdjusted cash balance per booksElectronic funds transfer receivedBank service chargeNSF check
enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction AddLess:

select a reconciling item Adjusted cash balance per booksElectronic funds transfer receivedNSF checkError in recording check No. 2480Deposits in transitCash balance per booksOutstanding checksBank service charge
$enter a dollar amount

select a reconciling item Deposits in transitError in recording check No. 2480Adjusted cash balance per booksOutstanding checksNSF checkElectronic funds transfer receivedBank service chargeCash balance per books
enter a dollar amount

select a reconciling item NSF checkBank service chargeElectronic funds transfer receivedCash balance per booksError in recording check No. 2480Deposits in transitAdjusted cash balance per booksOutstanding checks
enter a dollar amount

enter a subtotal of the three previous amounts

select a closing name for section two Deposits in transitAdjusted cash balance per booksElectronic funds transfer receivedOutstanding checksError in recording check No. 2480NSF checkCash balance per booksBank service charge
$enter a total amount for the second section