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books first.) The following information pertains to Pharoah Company. 1. Cash balance per bank, July 31,$7,588. 2. July bank service charge not recorded by the
books first.) The following information pertains to Pharoah Company. 1. Cash balance per bank, July 31,$7,588. 2. July bank service charge not recorded by the depositor $45. 3. Cash balance per books, July 31,$7,624. 4. Deposits in transit, July 31,$2,960. 5. $2,276 collected for Pharoah Company in July by the bank through electronic funds transfer. The collection has not been recorded by Pharoah Company. 6. Outstanding checks, July 31,$693. Prepare a tabular analysis for the adjustments at July 31 on the books of Pharoah Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Prepare a tabular analysis for the adjustments at July 31 on the books of Pharoah Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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