The following information pertains to Cullumber Company. 1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $690.
4. August bank service charge not recorded by the depositor $42.
5. Deposits in transit, August 31, $2,810.
In addition, $2,126 collected for Cullumber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company
Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)

                            Cullumber Company

                             Bank Reconciliation  

                                 August 31, 2022

Cash balance as per bank                             $7,338

Add: Deposit in transit                                    $2,810

                                                                        $10,148

Less: Outstanding checks                              $690  

Adjusted Cash Balance                                 $9,458

Cash balance per books                                $7,374

Add: Electronic fund transfer received         $2,126

by bank

                                                                        $9,500

Less: Bank service charges                             $42  

Adjusted Cash balance                                 $9,458

answer; /// i believe the correct answer is (market share); good luck