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Later Question 1 of 3 1/2 View Policies Show Attempt History Current Attempt in Progress On July 31, 2022, Pharoah Company had a cash balance

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Later Question 1 of 3 1/2 View Policies Show Attempt History Current Attempt in Progress On July 31, 2022, Pharoah Company had a cash balance per books of $6,320.00. The statement from Dakota State Bank on that date showed a balance of $7,870.80. A comparison of the bank statement with the Cash account revealed the following facts 1. 2 3. 4 The bank service charge for July was $21.00 The bank collected $1.700.00 from a customer for Pharoah Company through electronic tunds transfer The July 31 receipts of $1,377.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31 Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00 Checks outstanding on July 31 totaled $2.031.10. On July 31, the bank statement showed an NSF charge of 5755.00 for a check received by the company from W. Krueger, a customer, on account 5 6. (a) 1/2 (b) Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 5,275.25) Date. Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) 31. . (To record NSF check) 31. 1/2 31. (To record NSF check) 31. (To correct error in recording check) 31. . (To record bank service charge) e Textbook and Media

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