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The following information pertains to Sheffield Corp.. 1. Cash balance per bank, July 31, $7,483....

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The following information pertains to Sheffield Corp.. 1. Cash balance per bank, July 31, $7,483. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,504. 4. Deposits in transit, July 31, $1,610. 5. The bank collected $1,026 in July for Sheffield through electronic funds transfer. The collection has not been recorded by Sheffield. 6. Outstanding checks, July 31, $600. Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.) Sheffield Corp. Bank Reconciliation 1000 Journalize the adjusting entries at July 31 on the books of Sheffield Corp.. (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 the collection of accounts receivable.) (To record the bank service charge.) July 31

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