Exercise 5-8 The following information pertains to Pharoah Company. 1. Cash balance per bank, July 31, $8,138. 2. July bank service charge not recorded by the depositor $56 3. Cash balance per books, July 31, $8,174 4. Deposits in transit, July 31, $3,510 5. $2,826 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, $704 Your answer is incorrect. Try again. Prepare a tabular analysis for the ad ustments at u y 31 on the books of Pharo a Compan Include margin explanations fo the changes i revenues and expenses ,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.) Assets Liabilities+ Stockholders' Equity Accts. Rec. Cash Rev. Exp July 31 31