Question 9 of 9 PHAROAHMANUFACTURING LTD. Bank Statement May 31 Amounts Deducted from Description Account (Debits) Amounts Added to Account (Credits) Date Balance May 1 22,500 3 1,456 5 15 6,419 4.185 19 21 25 Deposit Cheque, No. 001 Cheque, No. 002 Deposit Cheque, No.004 Cheque, No. 006 Returned cheque-NSF, S. Gillis NSF fee Cheque, No. 009 Cheque. No. 010 Bank service charges 22,500 21.044 14,625 18,810 11.349 10,453 9.238 9.213 7,298 5.527 5.490 7.461 896 1.215 25 1.915 1.771 37 25 27 28 31 apter 7 Question 9 of 9 ...11 Pharoah's summary of cash receipts (which were all deposited) and summary of cheques (which were all mailed out to suppliers) for the month of May showed the following: Cash Receipts Cash Payments Number Amount Amount Date Date May 1 May 2 3 WN 15 $22,500 4,185 7,036 $33,721 $1,456 6,419 1.510 31 14 15 001 002 003 004 005 006 007 7,461 18 323 896 1.919 19 22 23 25 26 008 475 1.915 009 010 1.771 $24.145 Question 9 of 9 .../1 Prepare Pharoah's bank reconciliation at May 31 (List Items that increase balance as per bank & books first) PHAROAHMANUFACTURING Bank Reconciliation May 31 $ Reconciled cash balance per bank Add y Deposits in transit Less Outstanding cheques Cash balance per bank statement A Reconciled cash balance per books $ Less Returned cheque - NSES. Gli 215 Stee 25 Bankservice charge 3 277 CS