Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.)PHAROAH COMPANYBank Reconciliation$%24%24 The following information pertains to Pharoah Company.1.Cash balance per bank, July 31, $9,918.2.July bank service charge not recorded by the depositor $57.3.Cash balance per books, July 31, $10,032.4.Deposits in transit, July 31, $4,047.$2,280 collected for Pharoah Company in July by the bank through electronic funds transfer. The accounts receivablecollection has not been recorded by Pharoah Company.5.6.Outstanding checks, July 31, $1,710.

Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…

Answered: Prepare a bank reconciliation at July…

Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) PHAROAH COMPANY Bank Reconciliation 2$ $ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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