(1) cash balance per bank, july 31, $8,338.
(2) july bank service charge not recorded by the depositor $60.
(3) cash balance per books, july 31, $8,374.
(4) deposits in transit, july 31, $3,710.
(5) $3,026 collected for sandhill company in july by the bank through electronic funds transfer. the collection has not been recorded by sandhill company.
(6) outstanding checks, july 31, $708.

prepare a bank reconciliation at july 31, 2017.

Cash account balance after reconciliation: 11,340 dollars

Explanation:

On a bank reconciliation we adjust the balance for the unknow information for each party:

Bank: do not know about a written check until the person goes and cash it. Same with the deposit in transet, we must accrued for this values:

Cash balance per bank, July 31,  8,338.

Deposits in transit, July 31,            3,710.

Outstanding checks, July 31         (708)  

Adjusted bank cash balance       11,340

The firm is unaware of the bank charges until reception of the bank statement. It also didn't know about the bank colelction so this are adjustment for hte cash account:

Cash balance per books, July 31, 8,374.

Collected for Sandhill Company   3,026

July bank service charge                 (60)  

Adjusted cash account balance:  11,340

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.