Exercise 7-8 The following information pertains to Carla vista Company. 1. Cash balance per bank, July 31, $8,288. 2. July bank service charge not recorded by the depositor ss9. 3. Cash balance per books, Juty 31, $8,324. 4, Deposits in transit, July 31, $3,660. 5. $2,976 collected for Carla Vista Company in July by the bank through electronic funds transfer. The collection has not been recorded by Carla Vista Company 6. Outstanding checks, July 31, $707. Your answer is correct. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.)
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