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Hello can anyone please help me with this! thank you! The following information is for Pharoah's Burger Company: 1. Cash balance per bank, July 31,$6,185.
Hello can anyone please help me with this! thank you!
The following information is for Pharoah's Burger Company: 1. Cash balance per bank, July 31,$6,185. 2. July bank service charge not recorded by the depositor, $17. 3. The bank erroneously charged another company's $590 cheque against Pharoah's Burger's account. 4. Cash balance per books, July 31,$7,379. 5. The bank charged Pharoah's Burger's account $290 for a customer's NSF cheque. This included a $7 service charge. The company policy is to pass on all NSF charges to the customer. 6. Deposits in transit, July 31,$1,850. 7. Pharoah's Burger recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 8. The bank collected a $1,050 note for Pharoah's Burger in July, plus interest of $30, less a fee of $17. The collection has not been recorded by Pharoah's Burger and no interest has been accrued. 9. Outstanding cheques, July 31,$499. Journalize the entries required by the reconciliation for July 31 on the books of Pharoah's Burger Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enfer 0 for the amounts. List all debit entries before credit entries:) Step by Step Solution
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