Current Attempt in Progress 1. 2. On July 31, 2022, Cullumber Company had a cash balance per books of $6,305.00. The statement from Dakota State Bank on that date showed a balance of $7,855.80. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $16.00. The bank collected $1,685.00 for Cullumber Company through electronic funds transfer. The July 31 cash receipts of $1,367.30 were not included in the bank statement 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 $394.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $349.00 Checks outstanding on July 31 totaled $2,034.10. On July 31, the bank statement showed an NSF charge of $740.00 for a check received by the company from W. Krueger, a customer, on account. 3. 5. 6. stion 7 of 7 Credit Debit 1,685 Date. Account Titles and Explanation July Accounts Payable 31. 1.685 Cash (To record electronic funds transfer received by bank) 740 31. Accounts Receivable 740 Cash (To record NSF check) 45 31 Accounts Receivable 45 Cash Over and Short (To correct error in recording check) 16 31. Bank Charge Expense 16 Accounts Payable